Rice price today June 25, 2022: Rice price increased by 150 VND/kg | Information on rice market prices today

rice price today June 25, 2022: Rice price increased by 150 VND/kg rice price today in the Mekong Delta provinces increased by 150 VND/kg for raw rice. Last week, the domestic rice market continued to slow down, raw material prices were generally stable, and rice prices of all kinds were stable. In the world market, Vietnam’s export rice prices stagnated and remained unchanged after a mixed session. Currently, Vietnam’s 5% broken rice export price is stable at 418 USD/ton, 100% broken rice is 383 USD/ton, and 25% broken rice remains at 403 USD/ton. According to data from the Food and Agriculture Organization of the United Nations (FAO), rice prices continued to increase for the 5th consecutive month with an increase of up to 3.5% since April 2022. In particular, Vietnam’s rice prices remain higher than those of some traditional rice exporting countries such as India, Pakistan, Myanmar, etc. In the rice industry development strategy from now until 2030, Vietnam aims to reduce output, reduce the quantity of exported rice and increase the value of export turnover. This is the right direction for restructuring the rice industry, as a basis for accelerating the restructuring process of the rice industry in depth, improving the quality and export value based on the application of scientific and technological achievements, advanced processing and preservation technology and high-yield, high-quality rice varieties, meeting high import standards and consumer demand in developed countries. This has supported rice prices at a fairly optimistic level, while rice prices in many countries have to be continuously adjusted down to compete for the market. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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