Rice price today August 22, 2022: Continued stability, except for sticky rice price with mixed adjustment

rice price today August 22, 2022: Continued stability, except for sticky rice price adjustment in opposite directions. rice price today in the Mekong Delta provinces did not record any new adjustments. In the past week, rice prices in the Mekong Delta region recorded a decrease in many localities. The reason is believed to be due to weak demand and large supply from the Summer-Autumn harvest. In the Summer-Autumn crop of 2022, due to the influence of unusual weather, hot weather adversely affected the growth of rice plants, affecting productivity. On the other hand, commercial rice production under consumption contracts in Kien Giang province is still limited, and businesses are not really a place for farmers to sign contracts to consume commercial rice. Rice prices are low and unstable, fluctuating between 5,500 – 5,800 VND/kg, so after deducting costs, production is not as profitable as expected at about 30 – 35%, even breaking even, losing money. In Dong Thap, many localities have basically finished harvesting the Summer-Autumn rice crop. In many areas that do not produce Autumn-Winter rice, farmers have boldly released floodwaters to get alluvium. It is expected that more than 80,000 hectares of Autumn-Winter rice production area will be released to get alluvium. #rice_price #agriculture #fresh_rice_price #farmer #farm #ir50404 #Fresh_rice_husk #Long_An_sticky_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmer #Farmer_news #Market_prices

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