Rice price today September 2, 2022: Rice prices will soon improve thanks to increased demand

rice prices today, September 2, 2022: Rice prices will soon improve thanks to increased demand. rice prices today in the Mekong Delta provinces continue to move sideways with other types of rice. The rice market will soon improve thanks to demand from other countries. In the world market, export rice prices continue 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. Currently, India, Thailand, Pakistan and Vietnam are the main rice suppliers in the world market. While India and Pakistan have strengths in the low-priced rice segment, Thailand and Vietnam dominate the market in the high-end segment. Since the beginning of the year, thanks to the advantage of low prices, Pakistani rice has once (June) increased sharply in price thanks to increased purchases from the Chinese market. Thai rice prices increased twice in May and early August thanks to contracts from the Middle East market, the price of Thai rice is currently around 420 USD/ton. Notably, the price of Vietnamese rice has decreased for a long time and is currently only at 393 USD/ton. The reason is said to be the abundant reserves in many countries. Another important reason, according to rice exporters, is that the price of Vietnamese rice is quite high, reducing its competitiveness compared to other sources. Mr. Nguyen Van Don, Director of Viet Hung Company Limited (Tien Giang), predicts that the price of Vietnamese and world rice will soon improve thanks to natural disasters, especially record droughts occurring widely in many places around the world, causing the crop to shrink and output to decrease. These factors will encourage importers to return to the market soon, possibly in the first half of September. #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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