Rice price today September 11, 2022: Rice price continues to move sideways

rice price today September 11, 2022: Rice price continues to move sideways rice price today in the domestic market continues to stagnate without fluctuations. It is forecasted that rice prices will increase in the coming time. In the world market, the export rice offering price continues to move sideways. Currently, the price of 5% broken rice is at 393 USD/ton; 25% broken rice is 378 USD/ton, 100% broken rice is 383 USD/ton. In the first week of September, rice exports to most major markets were low due to Vietnam’s September 2 holiday. Delivery prices of fragrant rice varieties all recorded a decrease while delivery prices of glutinous rice and glutinous broken rice increased. Specifically, in the Philippine market, the amount of rice cleared decreased by more than 50% compared to the previous week, delivery prices of main varieties decreased by 5 USD/ton. Similarly, the African market also decreased sharply. Meanwhile, in the Chinese market, rice deliveries continued to increase, and summer-autumn OM 18 rice transactions with Chinese customers became more active after news that India banned the export of broken rice and imposed taxes on white rice. Mr. Nguyen Van Thanh – Director of Phuoc Thanh IV Production and Trading Company Limited assessed that India’s imposition of a 20% tax on exported rice of all kinds is good news for Vietnamese rice. Because for a long time, Vietnamese rice has always been competing with Indian and Thai rice in terms of price. In fact, in the period of 2017 – 2018, India exported about 8 – 9 million tons of rice/year and the price of Vietnamese rice during this period was very good. However, by 2020, India’s rice exports had doubled and reached more than 21 million tons in 2021. This caused the export price of rice on the market to decrease. It is forecasted that the price of winter-spring rice in 2023 will increase. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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