Rice price today May 18, 2023: Rice price is stable.

Rice price update on May 18, 2023: Rice prices are stable. Today’s rice prices in the Mekong Delta tend to fluctuate slightly. In the export market, according to the Vietnam Food Association, the export price of 5% broken rice from Vietnam is at 488 USD/ton; 25% broken rice is at 468 USD/ton; Jasmine rice is at 553-557 USD/ton. According to the USDA report in May 2023, the Philippines’ rice imports in 2023 are forecast to increase slightly while Indonesia’s imports will remain unchanged compared to the previous estimate. Along with that, the USDA adjusted up its estimate of Cambodia’s rice exports in 2023 and reduced Myanmar’s exports compared to the previous estimate. Statistics show that rice exports to the EU market increased sharply, reaching 94,510 tons in 2022, exceeding the annual quota of 80,000 tons of rice that the EU gives to Vietnam according to the commitment from the EVFTA Agreement. #western_farmers #market_prices #rice_prices_today

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