Asia rice: Vietnam rates drop to near two-year low as demand lags – Markets

Vietnam rice export rates dropped to their lowest level in nearly two years due to weak demand, while Indian prices held steady near a 17-month low.

Vietnam’s 5% broken rice was offered at $460 per metric ton, down from last week’s $481, according to the Vietnam Food Association.

Prices were at their lowest since late March 2023.

“Activities stay sluggish this week on weak demand. The…