Rice price today April 25, 2023: Rice price increased slightly

Rice price update on April 25, 2023: Rice prices increased slightly. Today’s rice prices in the Mekong Delta increased slightly. According to traders, today the amount of raw rice arriving is low, the ports are empty of rice. In the world market, Vietnam’s export rice prices today stagnated and remained unchanged after an upward adjustment session. Accordingly, 5% broken rice is at 473 USD/ton; 25% broken rice is 453 USD/ton. Mr. Do Ha Nam, Chairman of the Board of Directors of Intimex Import-Export Joint Stock Company, Vice Chairman of the Vietnam Food Association, commented that the rice export market this year will be very positive. World demand is very high with 3 main factors being China, Indonesia and India. China is a major rice importer in the world reopening after the pandemic. When China reopens, rice prices will increase; Indonesia, previously a major rice consumer in the world, will also increase purchases again. In recent years, the country has been striving to be self-sufficient and reduce imports, causing its reserves to continuously decline sharply. In addition, demand from markets such as the Philippines, Africa and many other countries is also increasing as they have to actively replenish food reserves in the context of many economic and political instabilities in the world. #rice price

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