Vietnam fragrant 5% rice prices fall to record low amid weak demand, ample supply

Vietnamese fragrant 5% rice prices have fallen to their lowest level since Platts began assessing the variety 14 years ago, as weak demand from major buyers like the Philippines and Africa and abundant supplies continue to weigh heavily on the market, market sources told Platts March 17. The decline reflects mounting supply pressure from the ongoing main-crop harvest and sluggish buying interestVietnamese fragrant 5% rice prices have fallen to their lowest level since Platts began assessing the variety 14 years ago, as weak demand from major buyers like the Philippines and Africa and abundant supplies continue to weigh heavily on the market, market sources told Platts March 17. The decline reflects mounting supply pressure from the ongoing main-crop harvest and sluggish buying interestRead More