Rice price – rice market information today May 19, 2022: Supply decreased, rice price stable

rice price today May 19, 2022: Supply decreased, rice price stable rice price today in the Mekong Delta provinces has not fluctuated. The market is trading slowly. Currently, rice supply has decreased slightly, rice prices are stable at a fairly high level because the winter-spring harvest has ended while the summer-autumn crop has not been harvested much. The demand for exported bran has slowed down while the purchasing power of pressed bran is still high, bran prices are stable at a high level. The market is trading slowly. With a record increase in fertilizers and production costs, farmers’ profits are very low. Currently, in many places in the Mekong Delta, people have gradually reduced the rice growing area because the more they work, the more they lose. Many farmers said that in the summer-autumn rice crop in previous years, they were only worried about the lack of water and weather, but this season they are also worried about the high prices and agricultural materials. Mr. Au Trong Huu – an agricultural officer of Tan An Luong commune – said that in the 2021-2022 winter-spring crop, the locality had 800 hectares of rice, but only 450 hectares were planted in the summer-autumn crop. “The remaining people agreed to skip the summer-autumn crop and plant later than every year, meaning they would skip the upcoming autumn-winter crop due to increased production costs but no increase in rice prices,” said Mr. Huu. According to Mr. Huynh Hoang Hung – director of Nha Man Agricultural Service Cooperative (Chau Thanh district, Dong Thap province), to ensure production according to the safe OCOP rice process, farmers have reduced from 3 crops to 2 crops, following the model “1 must 5 reductions”. “However, the increase in prices of input materials such as fertilizers and pesticides has reduced profits by about 20% compared to the same period. Because the rice price is set at the beginning of the crop and the rice price is already listed for agents and customers, farmers cannot increase the selling price according to the input price,” said Mr. Hung. Mr. Tram Minh Thuan – Director of Long Hiep Agricultural Cooperative (Tra Cu District, Tra Vinh Province) – also said that with the current fertilizer prices, the cooperative’s commercial rice growing area (nearly 160 hectares) this crop is likely to suffer a very high loss. “If the rice price reaches 5,800 VND like the same period last year, farmers’ profits will decrease by 20%, only about 200,000 VND/cong for the 3-month rice crop!”, Mr. Thuan said. Source: Tuoi Tre newspaper #rice_price #agriculture #fresh_rice_price #farmer #lamruong #ir50404 #Fresh_rice_husk #Long_An_sticky_sticky_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmer #Farmer_news #Market_prices

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