Rice price today October 4, 2022: Rice price increased by 100 VND/kg

rice price today October 4, 2022: Rice price increased by 100 VND/kg rice price today in the Mekong Delta continued to increase by 100 VND/kg for raw rice and finished products. The market is bustling. In the world market, the export rice offering price remained stable after the upward adjustment session. According to the Vietnam Food Association, the export price of 5% broken rice is at 423 USD/ton, 25% broken rice is at 403 USD/ton. Mr. Nguyen Van Don, Director of Viet Hung Company Limited, said: After India’s rice export restriction order, up to this point, the price level of Vietnamese rice has increased by about 40 – 50 USD/ton. However, in recent days, the market has gradually stabilized when India has loosened its rice export policy. Importers around the world are no longer as active in negotiating contracts as before. Besides, the Philippine government has not yet issued new quotas. “Because the average price of rice in the world is currently quite high, it is difficult to consume. Meanwhile, Vietnam also has limited production and is entering the peak of the rainy and stormy season in the Central region; in the West, the flood season is coming with a fairly high water level, which will more or less affect the winter-spring crop planting schedule. For these reasons, the Vietnamese rice market from now until the end of the year will have little fluctuation but will still maintain a relatively good price as it is now. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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