VNA reporter in New Delhi interviewed Vietnamese Trade Counselor in India, Mr. Bui Trung Thuong, to learn about the impact of the above decision on Vietnam.

According to Mr. Bui Trung Thuong, there are two reasons why the Indian Ministry of Industry and Trade decided to lift the ban on exporting 100% broken rice. Firstly, the area of ​​rice cultivation and rice production in India in the coming time are forecast to continue to increase compared to last year. Moreover, India's rice reserves are at a very high level and need to be released to make room for the new harvest season. Secondly, in recent times, the food security issue that India was previously concerned about has also disappeared.

Previously, in September 2022, India issued a ban on the export of 100% broken rice and in 2023 continued to issue a ban on the export of regular rice. Notably, after India banned exports, global rice prices increased sharply, from about 450 USD/ton to a peak of 700 USD/ton for 5% broken rice. However, recently, global rice prices in general have decreased sharply, in which 5% broken rice from Vietnam and Thailand has decreased by 38 - 45%. At its peak, the price of this item in Vietnam reached 680 - 700 USD/ton and has now dropped sharply to 390 - 400 USD/ton. This is an unprecedented large decrease.

Source: https://doanhnghiepvn.vn/doanh-nhan/tham-tan-thuong-mai-viet-nam-tai-an-do-khuyen-nghi-cac-doanh-nghiep-gao/20250310103306501