Rice price – Rice market information today February 21, 2022: Rice price continues to move sideways at the beginning of the week

rice prices today February 21, 2022: Rice prices at the beginning of the week continued to move sideways. rice prices today in the Mekong Delta provinces continued to move sideways today, warehouses that are slow to buy selected new rice to buy. Rice exports are expected to increase sharply in March 2022. According to the Vietnam Food Association (VFA), the world rice market has been on an upward trend in recent days. Specifically, Vietnam’s 5% broken rice was adjusted up by 5 USD/ton from 393 to 398 USD/ton, Thai rice increased from 401 to 407 USD/ton, Indian rice from 338 to 343 USD/ton; Pakistani rice remained stagnant. Businesses predict that rice trade will increase sharply in about 2 weeks when the winter-spring crop in the Mekong Delta reaches its peak harvest. The volume of rice exported in 2022 is forecast to be equivalent to previous years, from 6 to 6.2 million tons. According to the General Department of Customs, Vietnam’s rice exports in January reached nearly 506,000 tons, worth 246 million USD, up 45.4% in volume and 28% in value over the same period last year. The average export price of rice in the first month of 2022 was 486.5 USD/ton, down 11.8% over the same period in 2021. The Philippines is still the largest export market, followed by Ivory Coast and China. China decreased by 36% in volume and 37% in value over the same period last year. The reason for China’s decline in imports is that the country is strengthening disease control measures; In addition, traders in this country do not want to “close the deal” because they are waiting for Vietnam to enter the main winter-spring rice harvest season to get a better price. Currently, businesses are also stepping up purchases for export. According to records in some provinces in the West such as Bac Lieu, Soc Trang, Can Tho … the price of rice of all kinds increased by an average of 300 – 500 VND/kg compared to before Tet. Specifically, traders buy Tai Nguyen (dry) rice from 6,900 – 7,000 VND/kg. However, many farmers said that compared to the same period in 2021, the price is still lower by 200 – 400 VND/kg. Traders buy regular rice in the field from 5,300 – 5,500 VND/kg, dry rice in the warehouse from 6,300 – 6,800 VND/kg. Ms. KT Minh in Tai Van commune (Tran De, Soc Trang) said: I just harvested 9 hectares of high-quality rice seeds and sold them at the field for 5,900 VND/kg, about 350 VND/kg lower than last year. The price has been quite good in recent years but the profit is very low because the cost of fertilizer and pesticides has increased very much, plus the cost of pumping and irrigation. This year, the epidemic has caused lockdowns everywhere, limiting travel, so rice care is not as good as in previous years, causing productivity to decrease by 20-30%, and then there are the pests and rats. Then we have to go through many intermediaries and brokers; even selling straw requires a “broker” fee. Therefore, any rice farmer who breaks even this year is lucky. #rice_price #fresh_rice_price #nhanong #ir50404 #Fresh_glutinous_rice #Long_An_glutinous_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmer #Farmer_news #Market_prices

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