On the 12th of May, the July NY world sugar #11 (SBN23) closed higher at +0.20 (+0.77%) while the Aug London white sugar #5 (SWQ23) also closed higher at +9.80 (+1.39%).

The price of any commodity depends upon its supply. If the demand is strong and the supplies are regular, the prices remain stable and in case, supplies fall short even though demand remains strong, the prices begin to soar.

As a matter of fact, Vietnam is one of the leading rice exporters of the world. It ranks after India and Thailand it the global rice trade and the Asian nation witnesses strong demand for different varieties of Vietnamese rice, all year round.