Rice price today October 4, 2022: Export rice price increased by 5 USD/ton

rice price today October 4, 2022: Export rice price increased by 5 USD/ton Today’s rice price in the Mekong Delta remained stable compared to yesterday. Meanwhile, the export rice price was adjusted up by 5 USD/ton. In the world market, the export rice offering price continued to increase after many days at a high level. According to the Vietnam Food Association, the export rice offering price of 5% broken rice is at 428 USD/ton, up 5 USD/ton, 25% broken rice is at 408 USD/ton, up 5 USD/ton. According to businesses, the export rice price has increased thanks to many supporting factors. Accordingly, the USD/VND exchange rate is increasing; at the same time, the Philippines and Malaysia markets are in need of re-importing, so the export rice price may increase further than the current level. Previously, the Philippines planned to import rice in December, when the crop season ended in the country, but now due to the storms and floods that have severely damaged key agricultural areas, the government is considering importing more rice to meet domestic consumption and national reserves. They will most likely implement it in late October or early November, a month earlier than expected. At this time, the 2022 Autumn-Winter rice crop in the Mekong Delta is being harvested, which will help the output of Autumn-Winter rice be more favorable in terms of price. #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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