Rice price today November 12, 2022

rice price today 11/12/2022: Rice price remains unchanged rice price today in the Mekong Delta remains unchanged According to traders, the amount of rice imported today is stable. The market is trading evenly. In the world market, the export rice offering price remains stable compared to yesterday. According to the Vietnam Food Association, the export price of 5% broken rice is at 428 USD/ton, 25% broken rice is at 408 USD/ton. USDA’s forecast for November 2022 shows that global rice output in the 2022/2023 crop year will continue to decrease compared to the previous year. Imports will decrease slightly due to lower demand from Mali and Mozambique. Similarly, exports are also lower mainly with Pakistan and the United States. According to the Institute of Policy and Strategy for Agricultural and Rural Development, the Vietnamese rice industry in recent years has been shifting from low-end rice to high-quality rice. As a result, rice exports to demanding markets recorded strong growth. For example, rice exports to the US market in the first 8 months of this year increased by 84.8%, and to the EU market by 82.2%. Commenting on the demand of the export market, a representative of Trung An Company said that demanding markets such as Europe and South Korea are very fond of high-quality rice from Vietnam. Accordingly, new orders are continuously signed and recently the company has just won a contract to export 20,000 tons of rice to South Korea with a value of more than 9 million USD, expected to be exported in early 2023. #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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