Rice price today July 8, 2022: Rice price remains stable, by-products increase by 50 VND/kg

rice price today 07/08/2022: Rice price remains stable, by-products increase 50 VND/kg rice price today in the Mekong Delta provinces has leveled off and tends to go sideways. Meanwhile, by-products continue to increase by 50 VND/kg. Today, the amount of raw rice has increased, warehouses have reduced purchases. Meanwhile, for broken rice and bran, demand has increased slightly, prices remain high. For Vietnamese rice, the current export rice offering price has leveled off and gone sideways. Currently, the export price of 5% broken rice from Vietnam is stable at 418 USD/ton, 100% broken rice is 383 USD/ton, 25% broken rice remains at 403 USD/ton. In the first half of this year, rice export prices also tended to increase and are currently at 420 USD/ton for 5% broken rice – due to increased food demand and the Russia-Ukraine conflict causing customers to switch to buying rice from Asian countries. However, this price is still lower than the 470 USD/ton level in the same period in 2021. Forecasting the market in the second half of the year, businesses all said that market demand in the second half of the year is still good. In addition, export prices will continue to remain high, and may even increase due to the impact of the conflict with Russia, so Ukraine does not export wheat, leading to high prices of cereals and food. These factors are considered beneficial for Vietnam’s rice exports. In the first half of 2022, the Philippines’ rice imports increased by nearly 30% to 1.887 million tons. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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