Global Rice Market in Turmoil: Vietnam, Pakistan Cut Prices Amid Weak Demand

The global white rice market is experiencing a downturn as major exporters Vietnam and Pakistan reduce prices due to sluggish demand. As of January 22, 2025, Vietnam's 5% broken rice is priced at $413 per metric ton, reflecting a decrease from previous weeks. Similarly, Pakistan has adjusted its export prices to remain competitive. These reductions are influenced by India's recent relaxation of export restrictions, leading to increased global supply and intensified competition among exporters. Analysts predict that rice prices may continue to face downward pressure in the coming months. 

Source: ricenewstoday.com