Vietnamese Rice prices up in domestic, foreign markets.

The price of Vietnamese rice has increased strongly in both domestic and foreign markets recently because of high demand and limited supply. In the world market, Vietnamese rice is only priced lower than that from Thailand. Jasmine rice is now priced at US$565-570 per tonne, $65-70 per tonne higher than three weeks earlier. VietNam 5 percent broken rice is selling at $410-420 per tonne, up $35-45 per tonne, while 25 per cent broken rice is fetching $25-30 per tonne higher at $370-375 per tonne. Rice prices have also increased in the domestic market by an average of more than VNĐ1 million ($44) per tonne.