Rice price today June 21, 2022: Raw rice stable | Rice market information today

rice price today June 21, 2022: Raw rice stable rice prices today in the Mekong Delta provinces stagnated. The trading market was quiet. In the world market, the export price of Vietnamese rice remained 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. Exporting enterprises are very excited about the Philippines’ current reduction of rice import tax and believe that this action will create conditions for the world market to be more vibrant. Looking back at the price developments in 2021 and the first months of 2022, the Vietnam Food Association assessed that rice is the commodity with the highest growth value among agricultural products, while many agricultural products have decreased in export due to the complicated developments of the pandemic. In particular, the demand for rice in the world market has increased as many countries have increased reserves and increased imports. Thanks to favorable conditions from the market, Vietnamese enterprises have the opportunity to increase rice output and export prices. Although the price of rice in the past 5 months has decreased by nearly 10% compared to the same period in 2021, enterprises in the industry affirmed that they are not too worried, because the increase and decrease at such a range is a normal development of the market. The important issue is that businesses must ensure stable quality of export shipments to maintain reputation with import partners. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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