Rice price today August 12, 2022: Export rice price decreased by 5 USD/ton

rice price today August 12, 2022: Export rice price decreased by 5 USD/ton. rice prices today in the Mekong Delta provinces stagnated and remained unchanged after a downward adjustment session. In the world market, Vietnam’s export rice prices stagnated after a downward adjustment session. Specifically, the price of 5% broken rice was at 393 USD/ton; 25% broken rice was 378 USD/ton; 100% broken rice was stable at 383 USD/ton. Mr. Le Thanh Hoa – Deputy Director of the Department of Processing and Market Development of Agricultural Products, Ministry of Agriculture and Rural Development, said that Vietnam’s rice in the coming time will continue to have increasing import demand, especially from African countries. In addition, demand from countries such as the Philippines, Malaysia, and Indonesia will also increase due to the impact of the Russia-Ukraine war, which has disrupted food supplies. In particular, the Philippine Government’s re-issuance of phytosanitary and food safety certificates (SPS-IC) to rice importing enterprises is one of the positive signs for rice products entering Vietnam’s largest rice export market. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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