Rice price today May 29, 2022: Rice export will be more optimistic in June

rice prices today, May 29, 2022: Rice exports will be more optimistic in June rice prices today in the Mekong Delta provinces remain stable. Rice exports are forecast to be more optimistic in June. Regarding the rice export situation, the current export rice offering price of Vietnam remains stable. Currently, 100% broken rice is at 373 USD/ton, an increase of 3 USD/ton compared to yesterday. 5% broken rice is 420 USD/ton; 25% broken rice is 400 USD/ton; Jasmine rice is 528 – 532 USD/ton. Week 18 – 24/5, rice prices to Africa and the Philippines increased slightly while rice delivery prices to China did not fluctuate much. According to export enterprises, entering June 2022, rice exports are expected to be more optimistic, because currently, because Vietnam’s rice prices have not increased as expected, many traders are still hesitant to sign new contracts. Traders are waiting for a new price increase for rice varieties, thanks to increased import demand from other countries. A source from the Ministry of Industry and Trade also said that rice exports will be more optimistic in the second half of 2022, when there are new orders from China, Bangladesh, Iran and Sri Lanka. #rice price #agriculture #nhanong #mientay #rice #nguyenlieu #thanhpham

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