Rice price today September 17, 2022: Rice price continues to increase

rice price today September 17, 2022: Rice price continues to increase rice price today in the Mekong Delta increased with rice. The decrease in Indian rice supply has caused businesses to increase domestic purchases, thereby helping prices increase. According to Mr. Do Ha Nam – Vice President of the Vietnam Food Association, Vietnam buys Indian rice to make cakes, flour… and broken rice to process animal feed. However, the supply from India is currently interrupted, so businesses have switched to buying domestic rice, causing rice prices to increase. In the world market, the export price of rice has increased sharply. Currently, the price of 5% broken rice is at 400 USD/ton, 25% broken rice and 100% broken rice remain stable at 378 USD/ton and 383 USD/ton. According to businesses, after the information that the Indian Government restricted rice exports, domestic rice prices have increased. When paddy prices increase, rice prices also increase and increase in the export market, but foreign customers are not willing to buy at higher prices. Currently, businesses are still delivering goods at the old prices. Orders for delivery at the end of the month and next month have increased prices. USDA forecasts that in September 2022, global rice production for the 2021/2022 crop year is expected to continue to increase slightly compared to the previous forecast. Imports will decrease slightly due to lower demand from Vietnam and Cuba. Similarly, exports will also be slightly lower, mainly for India. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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