- India remains most competitive in terms of prices among Asian peers
- Thailand records highest prices among major origins, reaching $491/t in June
Asia’s 5% broken rice prices across India, Thailand, Vietnam and Pakistan showed a broadly firmer trend through 2026, although price movements varied significantly by origin. Thailand maintained the highest quotations, while Vietnam and Pakistan also recorded strong gains. India, meanwhile, remained comparatively competitive despite a sharp recovery in the second half of the year.
India stages a strong price recovery
India’s IR-64 5% parboiled rice prices remained mostly in the $340-360/t range during late 2025 and early 2026. Prices weakened sharply in April-May, reaching around $320/t in May, the lowest level in the period. The market subsequently reversed direction, with prices rising strongly from June onward. By 8 September, 2026, Indian 5% broken parboiled rice had reached $378/t, significantly higher than the May low.
Thailand remains the highest-priced origin
Thailand recorded the strongest price levels among the four origins. Its 5% broken rice price increased from $354/t in October 2025 to $471/t in August 2026. Prices climbed sharply during the first half of 2026, reaching a period high of $491/t in June, before easing slightly in July and August. The premium has remained substantial, with Thailand’s 5% broken white rice recently quoted around $483/t, supported by demand from Malaysia, the Philippines and other markets.
Vietnam prices gain momentum
Vietnam’s 5% broken rice prices also strengthened considerably during 2026. After remaining relatively subdued during late 2025 and early 2026, prices began rising from the second quarter. Vietnam’s price reached $407/t in May, increased to $412/t in June, and climbed further to $441/t in August. The rise has been supported by tighter supply conditions and stronger regional prices. Recent market reports have also shown Vietnamese 5% broken rice trading around the $435-455/t range, indicating continued firmness
Pakistan prices strengthen in second half
Pakistan’s 5% broken rice price rose from $337/t in October 2025 to $401/t in August 2026, representing an increase of around 18.8%. Prices initially strengthened through January before easing during February-May. The market then rebounded sharply, reaching $393/t in June and $409/t in July, before easing slightly in August. The recovery placed Pakistan above India in terms of export pricing, although it remained below Thailand and Vietnam.
Outlook
The 5% broken rice market is likely to remain firm but highly competitive. Thailand and Vietnam could retain their premium if supply remains tight and import demand stays high, while Pakistan may continue to track higher regional prices. India’s comparatively lower prices should support export competitiveness, although its recent price recovery could gradually narrow the gap.
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