“Prices are rising, especially on strong demand from Bulog, Indonesia’s food procurement agency,” said a trader in Ho Chi Minh City.
“The rise in Vietnam prices may have prompted the Cuban buyer to switch to buying cheaper grains from India,” the trader said. A ship loading 28,000 tonnes at Kakinada port in the southern Indian state of Andhra Pradesh for delivery to Cuba. doing.
Besides, traders said that domestic supplies are running low, which is likely to keep Vietnamese rice prices higher in the next few weeks.