VINAGRI News - Vietnam’s rice prices remained largely unchanged compared to the previous day, maintaining the country’s leading position in the Asian market despite facing headwinds from the Philippines’ temporary import suspension. The Philippine Agriculture Secretary has affirmed the government’s commitment to resume rice imports before December 2025.
Surveys across the Mekong Delta showed stable rice prices today, reflecting little movement from the previous session.
According to data from the Vietnam Food Association (VFA), Asian rice prices generally held steady in the latest trading session. Vietnam’s 5% broken white rice remained at USD 376 - 380 per ton, Jasmine rice at USD 496 - 500 per ton, and 5% broken fragrant rice at USD 440 - 465 per ton.
In comparison, India’s 5% broken white rice stayed at USD 375 - 379 per ton, Pakistan’s at USD 360 - 364 per ton, while Thailand’s was quoted the lowest at USD 352 - 356 per ton.
Thus, Vietnam continues to hold the highest price among major exporters, despite short-term export challenges following the Philippines’ 60-day suspension of rice imports.
Vietnam - Philippines dialogue on rice trade
According to Financial and Monetary Market Journal, on September 25, 2025, at the invitation of Philippine Agriculture Secretary Francisco P. Tiu Laurel Jr., a delegation from the Vietnam Food Association (VFA) led by Chairman Do Ha Nam, along with the Secretary General and representatives from the Vietnamese Embassy in the Philippines, visited Manila for discussions on bilateral rice trade. The Philippine side was represented by the Agriculture Secretary and Deputy Minister.
Meeting Between the Vietnam Food Association (VFA) and the Philippine Department of Agriculture. Photo: Financial and Monetary Market Journal.
During the meeting, VFA proposed three key recommendations:
Resumption of imports for signed contracts: Vietnamese exporters have signed rice export contracts with the Philippines since August 2025 but are now facing difficulties due to Manila’s temporary import suspension. VFA urged the Philippines to reopen imports soon to prevent losses for Vietnamese businesses and ensure smooth supply chain operations between the two nations.
Enhanced cooperation and transparency: VFA proposed that the Philippine government facilitate closer cooperation between relevant agencies and ensure transparent information exchange. The association noted that unverified information in recent months has affected trade and business sentiment.
Sustainable bilateral partnership: VFA reaffirmed Vietnam’s commitment to fostering a stable and mutually beneficial rice trade relationship, supporting both Vietnamese farmers and Filipino consumers.
Vietnam has long maintained a strong partnership with the Philippines, consistently ensuring stable rice supplies that contribute to the latter’s food security. VFA expressed hope that both sides will continue strengthening cooperation to balance the interests of farmers and consumers in both nations.
The Philippine side welcomed VFA’s proposals and recognized the critical role of Vietnamese rice in the country’s domestic consumption.
Philippines’ position on import suspension
Agriculture Secretary Francisco P. Tiu Laurel Jr. explained that the temporary import halt was a short-term measure to address domestic challenges.
He noted that the Philippines currently holds high rice inventories, much of which were purchased at elevated prices, alongside significant government reserves. These factors, coupled with declining domestic paddy prices, have placed pressure on local farmers.
Currently, paddy prices in the Philippines have fallen to 10 pesos per kilogram (approximately VND 4,000/kg) and remain on a downward trend. To stabilize the market, the government may need to extend the import pause by 15 days to one month.
However, Secretary Laurel assured that the Philippines will make every effort to resume rice imports before December 2025, emphasizing that Vietnamese rice remains the most preferred choice among Filipino consumers and that Vietnam will continue to be the country’s largest supplier in the coming years.
NPK/ Vinagri News
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