Rice price today 07/06/2022: Rice price decreased by 50 VND/kg | Information on rice market prices today

rice price today 07/06/2022: Rice price decreased by 50 VND/kg Today’s rice price in the Mekong Delta provinces has a downward adjustment for rice. Meanwhile, by-product prices continue to increase slightly. Today’s rice price decreased slightly, domestic rice transactions were gloomy due to weak white rice output in both market and export rice channels, many warehouses stopped buying. Consistent quality, reasonable prices, and stable supply are huge challenges for Vietnamese rice exporting enterprises. This is even more difficult in the context that in the past 2 years, input material prices of the rice industry have continuously increased, and the profits of rice enterprises have also been affected. In addition, currently, the mid-range but quite potential market, Africa, has switched to buying Indian rice to enjoy cheaper prices and lower transportation costs. Mr. Phan Van Co – Marketing Director of Vrice Company Limited said that high production costs and transportation costs have reduced the competitiveness of Vietnamese rice in the market. “Currently, freight rates to major ports in the EU are still at 9,000 – 10,000 USD per 20-foot container. The shortage of empty containers still exists. This has caused business profits to drop sharply. Notably, many CIF orders may be at a loss,” said Mr. Phan Van Co. #rice price #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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