Rice price today 04.05.2023: Rice price continues to be stable

Rice price update on May 4, 2023: Rice prices continue to be stable. Today’s rice prices in the Mekong Delta continue to be stable. After a 5-day holiday, today traders and businesses have stepped up purchases again. The domestic rice market is more active. According to the Vietnam Food Association, the export price of 5% broken rice from Vietnam fluctuates around 483-487 USD/ton; Jasmine rice is at 553-557 USD/ton. According to businesses, the demand for rice imports in traditional markets of Vietnam such as the Philippines, China, Indonesia and African countries is currently increasing. In European countries, due to the political conflict between Russia and Ukraine, the demand for food reserves has increased, this is a factor that will help rice exporting businesses benefit in the coming time. While the demand for rice imports increases, the supply of rice from the world’s leading rice exporting countries such as India and Pakistan continues to be limited; Thai rice prices increase due to the baht’s re-appreciation. Vietnam has the advantage of early supply from the Winter-Spring crop, stable output and quality of rice, so it is forecasted that in the short term, Vietnamese rice prices will remain at a good level… #western_farmers #market_prices #rice #rice_priceshomnay

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