Rice price today November 26, 2022: Export rice price remains high

rice price today November 25, 2022: Export rice price remains high rice price today in the Mekong Delta stagnated and moved sideways after an upward adjustment session. The market was bustling. According to traders, today the market traded with small volumes, rice prices remained high. The winter-spring rice supply is better, and Cambodian rice supply is also more abundant. In the world market, the export rice offering price stagnated after an upward adjustment session. According to the Vietnam Food Association, the export rice offering price of 5% broken rice is at 438 USD/ton; 25% broken rice is at 418 USD/ton. With this price, Vietnam’s rice price continues to maintain its leading position in the world. In 2022, Vietnam’s rice export market will have many advantages when the traditional rice buyer, the Philippines, has increased imports from 2.9 million tons to 3.4 million tons. The Chinese market also shifted from small imports at the beginning of the year to large imports at the end of the year. Some European countries tend to import more rice to replace the wheat supply that has been sharply reduced due to the war between Russia and Ukraine. According to Mr. Nguyen Van Thanh, Director of Phuoc Thanh IV Production and Trading Company Limited, up to this point, rice exporting enterprises have had orders of nearly 7 million tons. However, whether exports reach this level or not depends on the supply because currently, there is not much autumn-winter rice left in the provinces and cities of the Mekong Delta, and the amount of rice stored in enterprises is not large. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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