Vietnam buys Indian rice for first time in decades ...Middle East

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Vietnam buys Indian rice for first time in decades
MUMBAI/HANOI, Jan 4: Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters.The purchases highlight tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India - the world’s biggest exporter of the grain.Indian traders have been contracted to export 70,000 tonnes of 100% broken rice for January and February shipments at around US$310 per tonne on a free-on-board (FOB) basis, the industry officials say.“F

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