Rice price today September 28, 2022: Rice price remains stable

rice price today September 28, 2022: Rice price remains stable rice price today in the Mekong Delta is stable after many sessions of increasing adjustment. Trading has slowed down, warehouses are buying sporadically. In the world market, the export rice offering price remains stable after the upward adjustment session. According to the Vietnam Food Association, the export rice offering price of 5% broken rice is at 423 USD/ton, 25% broken rice is at 403 USD/ton. The global food price index has increased sharply in 2021 and the first half of 2022. During the same period, rice prices have gone against the above trend thanks to large inventories in exporting countries. However, India’s recent implementation of measures to restrict rice exports, along with harsh weather conditions in China and many regions around the world, may change the above trend, causing rice prices to increase sharply in recent days. Many businesses predict that in the coming time, rice prices will continue to stay high. Currently, the price of fresh rice in the autumn-winter crop is quite high, and the next winter-spring crop is expected to be at a similar level. Currently, Vietnam exports 90% of fragrant rice and aromatic rice, and exports less than 10% of cheap rice, so the impact of India’s ban is good for Vietnam, but there are still risks for businesses. However, businesses will still face risks, which is when they hoard goods waiting for high prices. In fact, if the market price of rice is reasonable, it will create favorable conditions for businesses themselves and their partners. However, if they hoard too much goods, without a foreseeable scenario, they will encounter risks in case India returns to the “race” of rice exports. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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