Rice price today October 23, 2022: Domestic rice price increases, export decreases

rice price today October 23, 2022: Domestic rice price increases, export price decreases Today’s rice price in the Mekong Delta has not fluctuated compared to yesterday. In the past week, domestic rice prices have continuously increased. According to traders, today the amount of raw rice has been stable, warehouses have been buying sparingly. In the past week, stable rice transactions, slow warehouse purchases, and low rice supply have caused rice prices of all types to increase by 100 – 200 VND/kg depending on the type compared to last week. In the world market, the offered price of exported rice remains stable compared to yesterday. According to the Vietnam Food Association, the offered price of 5% broken rice is at 428 USD/ton, 25% broken rice is at 408 USD/ton. In the past week, the export price of rice has been adjusted down by 10 USD/ton. Despite the downward adjustment, Vietnam’s export rice price is still the highest in the world. While Vietnam’s rice export prices remained stable, Thailand’s rice export prices fell to a more than two-month low this week due to a weakening baht and falling demand. Many businesses said that rice exports at the end of the year are showing many positive signs as the number of orders increases. Trung An High-Tech Agriculture Joint Stock Company said that the demand for rice imports in the Asian market increased by 15%, and the European market increased by 10%. The main reason is still the impact of the Covid-19 epidemic and the Russia-Ukraine crisis, combined with widespread droughts around the world causing food shortages, pushing up the demand for rice reserves in countries around the world. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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