Rice price today September 15, 2022: Market is less quiet

rice price today September 15, 2022: The market is less quiet. Today’s rice price in the Mekong Delta continues to increase with rice. The market is bustling, prices are high, and demand is high. In the world market, the export price of rice has increased sharply. Currently, the price of 5% broken rice is at 400 USD/ton, up 7 USD/ton. Meanwhile, 25% broken rice and 100% broken rice remain stable at 378 USD/ton and 383 USD/ton. According to businesses, the increasing demand for Vietnamese rice can push up rice prices. Currently, Vietnam is still behind India and Thailand in rice exports to global markets. However, the supply in these countries is currently more deficient than in Vietnam. According to many importers, Vietnamese rice is increasingly more competitive than its Thai counterpart, and Thai traders are also concerned about the competitiveness of Vietnamese rice and that Thailand may lose market share. Mr. Phan Van Co, representative of Vrice Company Limited, said that domestic rice prices have recently increased by 200-300 VND/kg. With new orders, the company is currently suspending signing more contracts for white rice and broken rice due to rising prices. It is likely that in the next 5-10 days, Vietnam’s export rice prices will increase by 15-20 USD/ton. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

source