Rice price today August 15, 2022: Rice price stable | Information on rice market prices today

rice price today August 15, 2022: Rice price remains stable and unchanged. rice price today in the Mekong Delta provinces continues to remain stable and unchanged. In the world market, the export rice offering price remains stable. 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. Mr. Phan Van Co – Marketing Director of Vrice Company Limited said that rice prices are gradually decreasing because the quality of this harvest is only on par with Thai and Indian rice, which are cheaper. However, prices are unlikely to decrease further because global demand remains strong, while supply from the Summer-Autumn harvest in the Mekong Delta provinces is decreasing. In recent months, the Philippines continues to be Vietnam’s largest import market, accounting for 49.89% of the country’s total rice exports; followed by the Chinese and African markets… In addition to traditional markets, Vietnamese rice has penetrated large, high-value markets. Among Vietnam’s rice import markets, the US market has the strongest growth (up 65.3% in the first half of the year). According to Chairman of the Vietnam Food Association Nguyen Ngoc Nam, Vietnamese rice has found a foothold in new, high-end markets such as the US, Europe, and Japan. Currently, businesses are taking full advantage of the increased demand from the market to boost exports. Director of Phuoc Thanh IV Production and Trade Company Limited (Vinh Long province) Nguyen Van Thanh said that the demand for rice imports in the markets remains high, especially the Philippines and China. Vietnamese rice is expanding to many markets, so businesses need to take advantage of this to increase export output. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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