Rice price today December 16, 2022: Supply decreases, rice price will be high

rice price today, December 16, 2022: Supply decreases, rice prices will remain high. Today’s rice prices in the Mekong Delta remain stable compared to yesterday. Rice prices are forecast to continue to be high due to reduced supply and increased demand. According to traders, the amount of rice arriving today is stable, and warehouses are slow to buy. 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 in the world. Meanwhile, the price of 25% broken rice is at 428 USD/ton. According to the USDA report in December 2022, rice imports of many countries in 2022 – 2023 were adjusted up compared to before, especially China, the EU and Indonesia. Meanwhile, global rice output in the 2022-2023 crop year is expected to continue to decrease slightly compared to the previous forecast. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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