Rice price today May 26, 2022: Slow trading, sideways price | Latest rice market information

rice price today, May 26, 2022: Slow transactions, flat prices Today’s rice prices in the Mekong Delta provinces continue to be flat, raw rice is coming in slowly, and market rice transactions are gloomy. Demand for by-products is quite good. Regarding the rice export situation, the current export price of Vietnam’s rice remains stable. Currently, 100% broken rice is at 373 USD/ton, up 3 USD/ton compared to yesterday. 5% broken rice is 420 USD/ton; 25% broken rice is 400 USD/ton; Jasmine rice is 528 – 532 USD/ton. Statistics from Vietnam Customs show that in the first 4 months of the year, rice exports reached over 2 million tons, equivalent to 1 billion USD, up nearly 5% in volume but down nearly 6% in value compared to the same period in 2021. The main reason is that exports to the Chinese market have declined sharply. In the past 4 months, it has only reached 297,000 tons, down nearly 20% compared to the same period last year. Explaining the decline in the Chinese market, rice exporters said that China’s maintenance of the Zero Covid policy has delayed the clearance of goods. In addition, Chinese customers, in addition to buying to serve domestic needs, are also wholesalers, so they have not dared to sign new contracts because rice prices are high. In addition to the Chinese market, Vietnam’s traditional customers have increased rice imports in recent months. Specifically, the Philippines imported 916,000 tons, up 28.3%; Ivory Coast with 213,000 tons, up 65%… #giagao #nongnghiep #nhanong #mientay #rice

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