Rice price today 09/08/2022: Prospects from the Chinese market

rice price today 09/08/2022: Prospects from the Chinese market Today’s rice prices in the domestic market stagnated and remained unchanged after a downward adjustment session, with the price of dry bran adjusted down by 100 VND/kg. In the world market, the export rice offering price continued to move sideways. Currently, the price of 5% broken rice is at 393 USD/ton; 25% broken rice is 378 USD/ton, 100% broken rice is 383 USD/ton. Currently, the abundant world rice supply helps reduce the impact of the seasonal situation in Pakistan and China. China’s maintenance of the “Zero COVID” lockdown policy to prevent the epidemic has significantly affected the demand for glutinous rice, Vietnam’s main export variety to this market. However, the positive thing is that China has sharply increased imports of fragrant rice, especially ST21 and ST24 rice from Vietnam. Vietnam’s fragrant rice exports to China in the first 7 months increased by 58.6% to 188,459 tons. In addition, Vietnam’s Japonica rice and white rice exports to China also increased sharply in the first months of this year. Assessing China’s rice demand in the coming months, businesses expect the high demand for sticky rice during the peak holidays at the end of the year to boost the country’s import activities. In addition, unfavorable rice production due to drought may prompt China to import more rice. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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