Rice price today July 18, 2022: Rice price tends to decrease

rice price today July 18, 2022: Rice prices tend to decrease Vietnam’s current rice prices are also on a downward trend. Mr. Nguyen Van Don – Director of Viet Hung Company Limited (Tien Giang) said: Vietnam’s 5% broken rice price is stable at a high level because in reality we have no goods to trade or have very little. Meanwhile, the general trend is that fragrant rice and high-quality rice products have all decreased in price by about 10 USD/ton. “This is an unexpected development in the rice market compared to the trend of increasing world food prices. The two main markets are the Philippines, accounting for 45% of Vietnam’s rice exports, waiting for the new government to issue quotas. The Chinese market, accounting for 25% of Vietnam’s rice export market share, is quiet. Other markets are quite good but the small output is not enough to compensate,” Mr. Don explained. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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