Rice price today 07/31/2022: Rice price remains stable at the end of the week

rice price today July 31, 2022: Rice price remains unchanged at the end of the week rice price today in the Mekong Delta provinces remains unchanged for raw and finished rice. There are fewer boats arriving at the end of the week. In the world market, Vietnam’s export rice offering price remains stable after a downward adjustment session. Currently, the price of 5% broken rice has decreased to 413 USD/ton; 25% broken rice is 393 USD/ton; 100% broken rice is 383 USD/ton. Mr. Nguyen Van Hieu – Export Director of Loc Troi Group predicts that the situation in the last 6 months of the year will remain stable thanks to the possible demand from countries that import a lot of rice such as the Philippines, China and the EU. According to Mr. Hieu, the Philippines is currently changing its government but the inventory in this country is still low. Besides, Vietnamese rice is suitable for the Filipino people. In addition, transportation from Vietnam to the Philippines is also fast and quite convenient. In the Chinese market, due to the impact of floods, the demand for rice imports remains high, but the country’s import level may be less than the Philippines. Meanwhile, in the EU market, the war between Russia and Ukraine is currently causing a shortage of wheat, and high food prices in Europe are causing customers to switch to buying rice from Asia to make up for the shortage. In terms of prices, the trend in the last 6 months of the year is that prices in popular markets such as the Philippines and China will not increase, but prices in demanding markets such as Europe, the US, and South American countries will increase dramatically. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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