Rice price today December 11, 2022: Rice price remains stable

rice price today December 11, 2022: Rice price remains unchanged Today’s rice price in the Mekong Delta has not fluctuated compared to yesterday. Last week, Vietnam’s export rice price increased by 15 USD/ton. Last week, domestic rice prices were quite stable, with regular transactions. In particular, sticky rice prices were adjusted down by 200 – 400 VND/kg. In the rice market, Japonica rice prices increased and remained high due to reduced supply and increased demand. In the export market, export rice prices stagnated and tended to remain unchanged after the upward adjustment session. According to the Vietnam Food Association, the offering price of 5% broken rice for export is at 448 USD/ton; 25% broken rice is at 433 USD/ton. Last week, export rice prices of Vietnam, Thailand and Pakistan continuously increased, of which the strongest increase was Pakistani rice with an adjustment of 30 USD/ton. With this increase, Pakistani rice is currently leading the world in terms of selling price. According to businesses, the spectacular increase in the price of Pakistani rice products is due to China’s increased purchases. China is one of the major customers of Vietnamese rice, however, due to the high prices of Vietnamese and Thai rice, traders in this country only buy sparingly. Chinese traders have switched to Pakistan and India because the products here have more competitive prices. In the final period of the year, the rice export market has many advantages when the demand for rice consumption increases in many countries. Besides, one of the major customers, China, has increased rice imports again… #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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