Rice price today November 9, 2022: Rice price decreased

rice price today 11/09/2022: Rice price decreased rice price today in the Mekong Delta turned down after many sessions of increasing adjustment. According to traders, today the amount of rice imported is small, the price of rice of all kinds decreased slightly. Transactions slowed down. In the world market, the export price of rice remained stable compared to yesterday. According to the Vietnam Food Association, the export price of 5% broken rice is at 428 USD/ton, 25% broken rice is at 408 USD/ton. According to statistics of the General Department of Customs, rice export in October 2022 reached 713,546 tons, worth 341.064 million USD, up 22.3% in volume and 23.9% in value compared to September 2022. According to traders in the Mekong Delta, the record increase in rice exports in October was due to many foreign cargo ships coming to pick up goods for shipment to Africa, Turkey and Bangladesh… so many businesses made customs declarations in October, but in reality, the ships had not yet received the goods until November, so the amount of rice exported on paper increased sharply. Preliminary delivery data shows that 15,300 tons of rice will be loaded at Ho Chi Minh City port between November 1 and 11, with most of the rice being shipped to the Philippines and Papua New Guinea. Currently, domestic supply is still low and traders predict that prices may be slightly higher in the short term. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

source