Rice price today November 29, 2022: Rice price remains stable

rice price today November 29, 2022: Rice price remains unchanged rice price today in the Mekong Delta continues to stagnate and remains unchanged after an upward adjustment session. The market is trading actively. Raw rice is coming in slowly, warehouses mainly ask to buy Soc and OM380 rice, rice prices are stable compared to the end of last week. According to businesses, rice prices have increased in recent days due to tight supply from the Mekong Delta and at the current price, Vietnamese rice prices are currently higher than those of other exporting countries in the same industry. In the world market, the export rice offering price continues to move sideways. According to the Vietnam Food Association, the export rice offering price of 5% broken rice is at 438 USD/ton; 25% broken rice is at 418 USD/ton. At this price, Vietnamese rice prices continue to maintain their leading position in the world. Mr. Pham Thai Binh – General Director of Trung An High-Tech Agriculture Joint Stock Company (Can Tho City) – acknowledged that the current rice export market is quite large and diverse, the market structure tends to shift to reduce the proportion of the Asian market, shifting to European and African markets. Some traders said that prices will continue to increase until the end of December 2022 due to reduced reserves and increased demand from China and European countries. Vietnam’s rice exports in the last months of the year and early 2023 will be favorable, rice prices in the short term will remain high due to global economic and political instability causing increased demand for food purchases. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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