(VOVWORLD) - Rice prices in Vietnam's Mekong Delta region last week reached a record high in the last 10 years after India banned the export of non-basmati white rice.
 Illustrative photo. (Photo: VNA) |
The price of Vietnam's 5% broken rice increased up to 575 USD per tonne on July 27, the highest since 2011.
Vietnam’s average rice export price for the first six months rose 10% over the same period last year year, according to the General Department of Vietnam Customs.
On July 20, India issued a ban on rice export, aiming to ensure adequate domestic availability at reasonable prices.
According to the Vietnam Food Association, rice prices in the domestic market have also increased sharply.