Rice price today July 10, 2022: Rice price increased by 50 VND/kg

rice price today July 10, 2022: Rice price increased by 50 VND/kg rice price today in the Mekong Delta provinces continued to increase by 50 VND/kg for raw rice varieties. For Vietnamese rice, the current export rice offering price has stagnated and remained unchanged. Currently, the export price of 5% broken rice from Vietnam is stable at 418 USD/ton, 100% broken rice is 383 USD/ton, 25% broken rice remains at 403 USD/ton. In the Asian rice market, strong demand has increased India’s rice export price. From the strong fluctuations in global rice demand, many experts predict that Vietnam’s rice export will reach over 6.4 million tons, 200,000-300,000 tons higher than in 2021. Rice export may be more optimistic in the coming time, when China’s rice import demand increases. In addition, the Philippines’ rice reserves are also low, and the need to import more is also a good opportunity for Vietnamese rice, although this market is facing fierce competition from cheap Indian rice. Therefore, rice exporting enterprises still need to monitor information about market fluctuations in the Philippines, China, Indonesia, India, etc. to have appropriate strategies. In addition, in some other EU markets, although the current rice export volume is not much, there are very high requirements for pesticide residues and enterprises need to pay attention to avoid affecting the overall reputation of Vietnamese rice in these countries. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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