Thai rice now holds the crown as the world’s most expensive among leading exporters, outpacing Vietnamese rice as prices for the latter hit a two-year low.

Since early 2025, Vietnam’s rice export prices have declined sharply, with 5% and 25% broken rice falling below $500 per ton. Even premium fragrant rice has dipped below $600 per ton. As of January 8, 5% broken Vietnamese rice was priced at $460 per ton, a $7 drop, while 25% broken rice fell by $5 to $432 per ton.

In contrast, Thai rice prices have remained stable, with 5% broken rice priced at $490 per ton and 25% broken at $447 per ton, outperforming Vietnam’s offerings.

Experts attribute the decline to India lifting its export ban, increased global supplies, and natural market corrections. Amid these challenges, support for farmers and businesses is critical to stabilize Vietnam’s rice market.