The average export price of the product between January and October was estimated at 626.2 USD per tonne, an annual increase of 12%.

Last year, the country shipped 8.13 million tonnes of rice abroad. With the growth of the ten-month exports and domestic production capabilities, this year’s rice exports are expected to exceed the record set in 2023.

According to traders in the Mekong Delta, Vietnam's 5% broken rice was offered at 520-525 USD per tonne last week, lower than the price of 532 USD per tonne seen in the week before.

One trader noted that the market is awaiting a decision from Indonesia's national logistics agency Bulog, which is expected to be announced in early November. Bulog launched a new tender on October 24 for this round, aiming to purchase approximately 500,000 tonnes of rice from Thailand, Vietnam, Cambodia, Myanmar, Pakistan, and India./. VNA