Rice price today October 31, 2022: Rice price remains stable

rice price today October 31, 2022: Rice price remains stable rice price today in the Mekong Delta remained stable in the first session of the week. Last week, the domestic rice market was active. Shortage of supply pushed up the price of all types of rice by 100 – 200 VND/kg. 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 experts, export rice prices may increase further in the coming weeks when supply is scarce due to unfavorable weather in some rice-growing countries and demand increases, especially from China. Furthermore, as it is an essential food, the demand for rice will not be affected by economic recession like other commodities. In the context of decreasing supply and stable demand, world rice prices and Vietnam’s rice export prices will have room to continue to increase in the coming time. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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