Rice price today December 19, 2022: Supply decreases, rice price will be high

rice price today December 19, 2022: Supply decreases, rice prices will remain high Today’s rice prices in the Mekong Delta remain stable compared to yesterday. According to traders, the amount of rice arriving today is stable, and warehouses are buying regularly. The trading market is less quiet in the first session of the week. In the export market, export rice prices have leveled off and remained high after a mixed adjustment session. Specifically, according to the Vietnam Food Association, the offering price of 5% broken rice for export is at 453 USD/ton – the highest level in the world. Meanwhile, the price of 25% broken rice is at 428 USD/ton. Currently, most of the production areas serving rice export have introduced new rice varieties and improved production processes, so Vietnamese rice products of the same type as Thai rice are chosen by many markets. The clearest evidence is that many Vietnamese rice exporting enterprises have signed many rice export orders to Europe, the US, South Korea, and Singapore at high prices. Notably, Vietnamese rice is increasingly occupying a large market share in many markets, including demanding markets with high standards. In the past 11 months, rice exports to the Philippines reached 1.39 billion USD, up 18% over the same period; the CPTPP bloc reached 263.3 million USD, up 19.8%; EU market reached over 17.8 million USD, up 0.4%…

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