Rice price today June 29, 2022: Rice price decreased, by-products increased sharply

rice price today June 29, 2022: Rice price decreased, by-product price increased sharply. Today’s rice price in the Mekong Delta provinces adjusted down for rice, while the price of by-product increased sharply. According to traders, today the amount of raw rice imported is more, warehouses buy sparingly. Statistics show that rice exports in the first 5 months of the year reached about 2.8 million tons, bringing in a total export turnover of 1.3 billion USD, up 6.9% in volume. Vietnam’s rice price remains higher than that of some traditional rice exporting countries such as India, Pakistan, and Myanmar. The Philippines is still Vietnam’s largest customer with an export volume of nearly 1.3 million tons in the first 5 months of the year, an increase of more than 300,000 tons over the same period in 2021. Rice exports to Africa have increased by more than 76% over the previous year. Mr. Nguyen Van Thanh – Director of Phuoc Thanh IV Production and Trading Company Limited (Vinh Long province) said that in the coming time, rice export will have many positive signs thanks to the high demand in the markets. Especially the Philippines and China markets. The reason is that the output has decreased due to floods in China, while in the Philippines, rice reserves are low. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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