Rice price today April 21, 2023: Rice price remains stable

Rice price update on April 21, 2023: Rice prices remain stable. Today’s rice prices in the Mekong Delta continue to remain stable. According to businesses, today’s rice volume is low, and the ports are empty of rice. Rice prices are stable compared to yesterday. In the world market, Vietnam’s export rice prices today have leveled off and remained stable after an upward adjustment session. Accordingly, 5% broken rice is at 473 USD/ton; 25% broken rice is 453 USD/ton. According to businesses, rice exports will continue to be favorable in the coming time due to increasing demand from major markets. In addition, rice prices are also expected to increase both domestically and in the export market. In the Chinese market, after reopening, the demand for sticky rice and high-quality rice of this country has increased sharply. Meanwhile, many forecasts show that the El Nino weather phenomenon will appear in the second half of 2023, increasing the risk of rice supply in the Asian region. This causes countries in the region such as the Philippines and Indonesia to increase their national reserves. #western_farmers #market_prices #rice_prices_today

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