Rice price today 08.02.2023: stable

rice price today 08.02.2023: remains stable rice price today in the Mekong Delta remains stable. In the export market, rice price is adjusted down by 5 USD/ton. According to traders, today there is little rice supply, factory transactions are stagnant. Rice transactions are not much, rice prices are high, and the harvested rice supply is very little. In the world market, Vietnam’s export rice offering price today is adjusted down. Currently, the price of 5% broken rice is at 468 USD/ton, down 5 USD/ton; 25% broken rice remains at 448 USD/ton, down 5 USD/ton. Mr. Nguyen Van Thanh, Director of Phuoc Thanh IV Production and Trading Company Limited, said that rice prices are currently at their highest in the past 2 years and could surpass the peak of 2019. “In 2019, rice prices reached 520 – 530 USD/ton and this year this record is expected to be broken. The reason is that import demand from countries around the world is increasing because their domestic production has failed. Moreover, in the past 10 years, rice prices have been relatively stable while other agricultural products and input materials have increased a lot, so the price increase is reasonable. In Vietnam, although rice production is favorable, it is still not as good as other crops, so supply has not increased,” said Mr. Nguyen Van Thanh. #rice_price #agriculture #fresh_rice_price #farmers #farming #farmers #ir50404 #Fresh_rice_husk #Long_An_sticky_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmers #Farmer_news #Market_prices

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