Rice price today October 18, 2022: Rice price continues to increase

rice price today October 18, 2022: Rice price continues to increase rice price today in the Mekong Delta adjusted up 100 – 150 VND/kg. The trading market is bustling. Demand for Japonica rice is high, prices have increased again. In the world market, the export rice offering price remains stable compared to yesterday. 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. USDA forecast for October 2022 shows that global rice output in the 2022/2023 crop year is expected to decrease compared to the previous forecast. At the same time, imports also decreased slightly due to lower demand from China, Sri Lanka and Egypt. Similarly, exports were also lower, mainly for India, Pakistan and the United States. On the first day of the week, transactions increased in all markets. In the first half of October, deliveries to China increased sharply. The Philippines and China continued to be the two markets with the highest volume of rice cleared during the week. According to preliminary statistics from the General Department of Customs, in September, the country exported 583,203 tons of rice, equivalent to 275.3 million USD, with an average price of 472 USD/ton, down nearly 19% in both volume and value, and a slight decrease of 0.2% in price compared to August. Compared to September 2021, it also decreased by 1.6% in volume, 6% in value and 4.4% in price. In the first 9 months of 2022, the country’s rice export volume reached over 5.37 million tons, equivalent to nearly 2.61 billion USD, up 17.7% in volume, up nearly 8% in value compared to the first 9 months of 2021, with an average price of 484.9 USD/ton, down 8.4%. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

source