Rice price – rice market information today March 14, 2022 – rice price increased at the beginning of the week

rice price today March 14, 2022: Rice price continues to increase at the beginning of the week rice price today at the beginning of the week in the provinces of the Mekong Delta continued to increase by 100 – 200 VND/kg. Winter-spring rice is in the main crop season, traders buy a lot. Prices of by-products also increased. The export rice market is also bustling when in the first 2 months of 2022, Vietnam’s rice export of all kinds was at 105 thousand tons, a slight increase of 13% over the same period last year with the increase mainly coming from 5% broken rice (especially the highest volume in January 2022) while the export volume of broken rice has somewhat decreased again. Businesses commented that the rice export market this year will be more favorable than last year. Because many markets are recovering from the COVID-19 pandemic. Many supply chains that were broken due to the pandemic are also being reconnected, helping to increase purchasing power. In addition, the Russia-Ukraine tension will make many countries continue to pay more attention to food reserves. According to the Vietnam Food Association (VFA), the amount of rice exported this year is expected to remain at just over 6 million tons and may reach 6.3 million tons, which is equivalent to or slightly increased compared to 2021. In line with the domestic rice market trend, rice export prices in leading Asian rice producing countries have skyrocketed in the past week thanks to stable demand, amid high transportation costs due to the impact of the Ukraine crisis. #agriculture #farmers #market_prices #western_farmers #rice_price #Japanese_rice #rice

source