A Bangkok-based trader told Reuters that Thailand’s export prices have tumbled despite strong rainfall and better yields. “Supply is strong this year, but prices won’t rise because buyers are only purchasing what they immediately need,” the trader said. The strengthening of the Thai baht has further dampened export competitiveness.
Traders expect that only a weakening of the baht could provide relief to Thai exporters, who are facing rising competition from India and Vietnam in key markets such as Africa and the Middle East.
Indian Rice Prices Decline Sharply
Indian 5% broken parboiled rice is now selling at its lowest in nine years, between $340 and $345 per tonne, down from $358–$365 a week earlier. White rice prices have also dropped to $360–$370 per tonne.
A Kolkata-based exporter said the fall in prices is largely driven by aggressive price competition among exporting nations. “Exporters are cutting rates to maintain market share. Buyers are aware of the supply glut, so they’re negotiating hard,” he added.
The rupee’s depreciation near record-low levels has added further pricing pressure. Despite the drop, India continues to dominate the global rice market, accounting for over 40% of total exports.
Vietnam Struggles With Sluggish Demand
Vietnam’s 5% broken rice held steady at $440–$465 per tonne this week, according to the Vietnam Food Association. However, trade activity remains weak, as the Philippines — a major buyer — continues to suspend imports temporarily.
Government data shows Vietnam exported 483,000 metric tonnes of rice in September, down more than 40% from a year earlier. From January to September 2025, the country’s rice exports dropped 1.6% to 6.9 million tonnes, valued at $3.5 billion.
Bangladesh Steps In to Stabilize Prices
In a move to stabilize domestic food prices, Bangladesh approved the purchase of 50,000 metric tonnes of Indian rice at $359.77 per tonne through an international tender. The deal highlights India’s continuing role as a key supplier in South Asia’s food security chain.
Experts say that despite short-term weakness in prices, strong regional cooperation and trade diversification could help Asian exporters manage volatility in the coming months.