Vietnamese rice prices saw a significant increase in 2024, with the average price of the 5 percent broken variety reaching over $550 per metric ton, according to the World Bank. This rise is attributed to various factors, including global demand and production conditions. The report also highlights price fluctuations in other commodities, such as corn, coffee, and cocoa.
Vietnam ese rice prices rose in 2024, with the average annual quotation of the 5 percent broken variety increasing to over $550 per metric ton , according to the World Bank .
The average quotation of the 25 percent broken variety also inched up by 4.92 percent to $559.1 per MT last year from $532.9 per MT in 2023. World Bank figures also indicated that the average quotation of corn, another important grain for the Philippines, plunged by nearly a quarter or 24.57 percent to $190.6 per MT in 2024 from $252.7 per MT in the previous year.
Arabica prices jumped by 23.79 percent to $5.62 per kilo last year from $4.54 per kilo in 2023, while the average quotation for the robusta variety surged by 67.68 percent to $4.41 per kilo in 2024 from $2.63 in the previous year.
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