Rice price – Rice market information today 04/04/22: rice price has not fluctuated at the beginning of the week

rice price today April 4, 2022: rice price has not fluctuated at the beginning of the week. rice price today in the provinces of the Mekong Delta continues to remain stable. Rice quality has decreased, the market is slow to trade. Up to now, the localities in the Mekong Delta have completed the harvest of the 2021-2022 Winter-Spring rice crop with an area of ​​170.6 thousand hectares, an increase of 13.6%; the yield reached 49.4 quintals/ha, an increase of 2.2 quintals/ha. Rice output increased quite well, reaching 881.2 thousand tons, an increase of 32.4%, equivalent to an increase of 215.8 thousand tons. The localities in the Mekong Delta have also planted 236.4 thousand hectares of Summer-Autumn rice, an increase of 29% over the same period last year; concentrated in Long An, Tien Giang, Vinh Long, Dong Thap, An Giang, Kien Giang, Can Tho and Hau Giang. Recently, the Ministry of Agriculture and Rural Development has approved the Pilot Project on building a standard agricultural and forestry raw material area for domestic consumption and export in the period of 2022-2025. Regarding rice, the project will build a raw material area in the Long Xuyen Quadrangle of 50,000 hectares, and at the same time build a rice chain logistics center in Thoai Son district, An Giang province; and an organic rice-shrimp logistics center in An Minh district, Kien Giang province. According to the Ministry of Agriculture and Rural Development, the volume of rice exported in March 2022 is estimated at 500,000 tons with a value of 246 million USD, bringing the total volume and value of rice exports in the first 3 months of 2022 to 1.48 million tons and 715 million USD, up 24% in volume and 10.5% in value over the same period in 2021. The average export price of rice in the first 2 months of 2022 reached 482 USD/ton, down 12.1% over the same period in 2021. The Philippines is Vietnam’s largest rice consuming market in the first 2 months of 2022 with a 53.3% market share. The market with the strongest increase in rice export value is the United Arab Emirates, 2.8 times higher. Vietnam’s 5% broken rice was offered at $400-$415 a tonne on March 31, down from $415-$420 a tonne last week. A trader in Ho Chi Minh City said domestic supplies were rising thanks to the winter-spring crop, adding that the crop’s quality had been affected by prolonged rains during harvest. Preliminary shipping data showed that 72,000 tonnes of rice were expected to be unloaded at Ho Chi Minh City port in the first week of April 2022, most of which would be shipped to the Philippines and Africa. #rice_price #agriculture #fresh_rice_price #nhanong #ir50404 #Fresh_glutinous_husk #Long_An_glutinous_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmer #Farmer_news #Market_prices

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