Rice price today September 20, 2022: Exciting first session of the week

rice prices today, September 20, 2022: Bustling at the beginning of the week. Today’s rice prices in the Mekong Delta have not fluctuated compared to the end of the week. The autumn-winter rice market is slow, rice prices have stagnated because most traders have made deposits in advance. In the world market, the export rice offering price has increased sharply. Currently, the price of 5% broken rice is at 400 USD/ton, 25% broken rice and 100% broken rice remain stable at 378 USD/ton and 383 USD/ton. In recent days, India’s move to impose taxes and temporarily suspend broken rice exports has caused strong fluctuations in the world rice market, including Vietnam. For a week now, Vietnam’s export rice prices have increased sharply. The increase in export rice prices has caused businesses to buy rice from farmers at higher prices, and the domestic market has also become more vibrant. In particular, businesses specializing in exporting broken rice and non-fragrant long grain rice to African and Chinese markets are facing many opportunities to find new customers. Because up to now, Indian rice has been quite competitive with Vietnamese rice in this market segment (currently, India has increased the selling price of non-basmati milled rice through a 20% export tax to compensate for fertilizer subsidies, which are still high in price)… #rice price #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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