The line graphs illustrate the export price of rice from Thailand and Vietnam from 2012 to 2015. Overall, there were major decreases in the export price from both countries, and rice exported from Thailand no longer fetched a higher price than that from Vietnam from 2014 onwards.
In January 2012, a tonne of rice was exported from Thailand for $350, and from Vietnam for $150. After four years, however, these figures had declined sevenfold and twofold respectively, to little more than $50 per tonne from either country. The sharpest decrease occurred from February to April 2013, as export prices fell by approximately $180 in Thailand and $40 in Vietnam.
Another clearly observable trend is that the difference in rice export prices between the two countries gradually narrowed, with prices plummeting in Thailand at a higher rate than in Vietnam. In January 2012, the price of one tonne of rice from Thailand was more than twice that from Vietnam, but this gap had largely disappeared by the end of the following year, mainly due to the early-2013 price collapse in Thailand, which brought its price down to just over $150. There were brief periods in April 2014 and April 2015 when quoted prices of Vietnamese rice were slightly higher, but on the whole, both figures remained comparable in these two years, especially in the second half of each year, ranging from roughly $75 to $100.
The line graphs illustrate the
export
price
of
rice
from Thailand and Vietnam from 2012 to 2015.
Overall
, there were major decreases in the
export
price
from both countries, and
rice
exported from Thailand no longer fetched a higher
price
than that from Vietnam from 2014 onwards.
In January 2012, a tonne of
rice
was exported
from Thailand for $350, and from Vietnam for $150. After four years,
however
, these figures had declined sevenfold and twofold
respectively
, to
little
more than $50 per tonne from either country. The sharpest decrease occurred from February to April 2013, as
export
prices
fell by approximately $180 in Thailand and $40 in Vietnam.
Another
clearly
observable trend is that the difference in
rice
export
prices
between the two countries
gradually
narrowed, with
prices
plummeting in Thailand at a higher rate than in Vietnam. In January 2012, the
price
of one tonne of
rice
from Thailand was more than twice that from Vietnam,
but
this gap had
largely
disappeared by the
end
of the following
year
,
mainly
due to the early-2013
price
collapse in Thailand, which brought its
price
down to
just
over $150. There were brief periods in April 2014 and April 2015 when quoted
prices
of Vietnamese
rice
were
slightly
higher,
but
on the whole
, both figures remained comparable in these two years,
especially
in the second half of each
year
, ranging from roughly $75 to $100.