Rice price today June 17, 2022: Rice price continues to move sideways

rice price today June 16, 2022: Rice price continues to move sideways rice price today in the Mekong Delta provinces continues to move sideways. Raw rice is coming in slowly, warehouses buy little, rice is selected. In the world market, Vietnam’s export rice offering price remains stable and quite optimistic. Currently, Vietnam’s 5% broken rice export price is stable at 423 USD/ton, 25% broken rice remains at 403 USD/ton and 100% broken rice is stable at 378 USD/ton. The global food crisis has created opportunities for businesses to increase rice exports. Statistics show that rice exports in the first 5 months of the year reached about 2.8 million tons, bringing in a total export turnover of 1.3 billion USD, up 6.9% in volume. Vietnam’s rice prices remain higher than those of some traditional rice exporting countries such as India, Pakistan, and Myanmar. The Philippines remains Vietnam’s largest customer with exports in the first five months of the year reaching nearly 1.3 million tons, an increase of more than 300,000 tons over the same period in 2021. Rice exports to Africa have increased by more than 76% over the previous year. Some other markets also increased quite strongly in the first 5 months of the year such as Ivory Coast increased by 37% (reaching 273,078 tons), Malaysia increased by 19% (reaching 162,465 tons), Mozambique increased by 47.1%… #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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