Rice price today May 10, 2022: Raw rice price increases

rice price today May 10, 2022: Raw rice prices increase rice prices today in the Mekong Delta provinces increased with raw rice types. By-products also increased due to the strong attraction for animal feed and oil pressing demand, causing the price of Bran to continuously peak and hold a record level in recent years, while the price of Broken Rice also fluctuated. In the first 4 months of 2022, rice exports reached 2.05 million tons with a value of 1 billion USD, an increase of 4.4% in volume; rice prices decreased slightly but remained high. The Philippines continues to be Vietnam’s largest rice consumer market with a 42.6% market share. In addition, Vietnam’s rice exports to Ivory Coast increased dramatically by 76% over the same period last year. Traders also forecast that rice exports will continue to be optimistic in the coming time, as food demand in the world and Asia continues to increase due to the impact of the COVID-19 pandemic, the Russia-Ukraine conflict and climate change that are negatively affecting crops. #riceexport #agriculture #nhanong #mientay. #rice

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