Rice price today March 26, 2023: rice price slightly fluctuates

Rice price update on March 26, 2023: Rice prices slightly increase rice prices today in the Mekong Delta slightly increase, trading is active In the world market, Vietnam’s export rice offering prices today have not fluctuated. Currently, the price of 5% broken rice is at 448 USD/ton; 25% broken rice remains at 428 USD/ton. In the Asian rice market, India’s export rice prices continued to decrease this week after demand decreased as buyers anticipated further price drops and postponed purchases, while Vietnamese traders hope that competitive prices and increasing supply will attract more orders from large buyers. In Vietnam, the price of 5% broken rice remained unchanged at 450 USD/ton this week. Businesses forecast that trading activities will increase in the coming months due to increased supply from the current harvest and demand from traditional buyers including China and the Philippines. The winter-spring harvest will end at the end of March. Meanwhile, many opinions say that Vietnamese rice prices are still lower than Thai rice, so some foreign traders are switching to Vietnam to maximize profits. #western_farmers #market_prices #rice_price

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