Vietnam Rice Prices Mostly Unchanged; Local Supply Rises

Vietnamese rice export prices were mostly unchanged in the week to Tuesday, while local supply continues to rise.

The farmers have completed harvesting in half of the rice-growing areas in the region. The entire region is expected to be done by end-April.

The Ministry of Agriculture said that so far this year Vietnamese companies have signed contracts to export 3 million MT of rice, of a total target of 4 million-4.5 million MT set for this year.

In Ho Chi Minh City and the Mekong Delta region, traders quoted indicative prices for high-quality 5% broken rice at $305 PMT and 25% broken grade at $285 PMT, both were unchanged compared with last week.