Rice price today June 16, 2022: Rice price remains stable, expected to increase sharply

rice price today June 16, 2022: Rice price remains stable, expected to increase sharply rice price today in the Mekong Delta provinces continues to remain stable, expected to increase sharply. According to traders, the amount of raw rice is stable today, the price of rice increased slightly. The demand for broken rice and bran continues to be high. The summer-autumn rice market is stable, prices are stable. In the world market, the export price of Vietnamese rice remains stable and quite optimistic. Currently, the export price of 5% broken rice from Vietnam is stable at 423 USD/ton, 25% broken rice remains at 403 USD/ton and 100% broken rice is stable at 378 USD/ton. The Philippines’ reduction of rice import tax from 50% to 35% until the end of 2022 is an opportunity to boost rice exports to this market. Rice could be the next commodity to see a sharp increase in price, experts predict. According to newly released data for May, the United Nations Food and Agriculture Organization’s food price index shows that international rice prices rose for the fifth consecutive month, reaching a 12-month high. Currently, rice production is still very good, and rising wheat prices could prompt countries to substitute this commodity with rice. This would increase demand and reduce existing rice reserves. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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