Rice price today 02/06/2023: China increases purchases, rice market continues to heat up

rice price today 06.02.2023: China increases purchases, rice market continues to heat up rice prices today in the Mekong Delta stagnated and remained stable. After Tet, Chinese traders increased rice purchases, making the market always bustling. Winter-Spring rice has not been harvested yet, so supply is still low, while the market is attracting goods because there are many contracts signed to “catch the wind” before Tet, so now many businesses have to collect goods to pay debts. According to a rice exporting enterprise in the West, rice prices increase by 100 – 200 VND/kg every day and almost every day, while rice prices also increase by 600 – 800 VND/kg. This year, the two sources from India and Pakistan are limited, so the export rice price is at a high level, making the domestic rice market hotter than ever. In addition to businesses having to increase purchases to fulfill contracts signed before Tet, Chinese traders increased rice purchases when businesses in the Western region reopened after the Lunar New Year holiday, which also contributed to heating up the rice market in the Western region. China’s increased purchases of rice and sticky rice are signs that the 1.4 billion-people market is speculating on food hoarding, as there are many forecasts that drought will continue to affect global food supplies in 2023. #rice_price #nongnghiep #gia_lua_tuoi #nhanong #lamruong #ir50404 #Nep_vo_tuoi #nep_Long_An #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #lua_Nhất #Nhan_Nong_Mien_Tay #Tin_tuoi_nhan #Market_price

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