Rice price today October 6, 2022: Export rice price anchored at 428 USD/ton

rice price today October 6, 2022: Export rice price anchored at 428 USD/ton Today’s rice price in the Mekong Delta has not fluctuated compared to yesterday. Export rice prices are also anchored at a high level, the trading market is stable. 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 428 USD/ton, 25% broken rice is at 408 USD/ton. Meanwhile, the price of the same type of rice from Thailand has been adjusted down by 2 USD/ton to 420 USD/ton for 5% broken rice and 404 USD/ton for 25% broken rice. According to businesses, the export rice price has increased thanks to many supporting factors. Accordingly, the USD/VND exchange rate is increasing; At the same time, the Philippine and Malaysian markets are in need of re-importation, so rice exports will be more expensive than at present. Previously, the Philippines planned to import rice in December, when the crop season ended in this country, but now due to the storms and floods that have severely damaged key agricultural areas, the government is considering importing more rice to meet domestic consumption and national reserves. They will most likely implement it in late October or early November, a month earlier than expected. At this time, the 2022 Autumn-Winter rice crop in the Mekong Delta is being harvested, which will help the output of Autumn-Winter rice be more favorable in terms of price.

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