Rice price today September 29, 2022: Export rice price remains high

rice price today September 29, 2022: Export rice price remains high Today’s rice price in the Mekong Delta increased with raw rice and finished products. Broken rice price increased sharply. 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. The latest statistics from the General Department of Vietnam Customs show that from the beginning of 2022 to the end of September 15, our country’s rice export reached 5.02 million tons, an increase of 19% over the same period last year. Export turnover reached 2.44 billion USD, an increase of 9% over the same period last year. According to the 2022 plan, Vietnam’s rice exports will reach about 6.3 to 6.5 million tons, 100,000 to 200,000 tons higher than in 2021. It is expected that in the remaining 4 months of 2022, exports will reach about 1.5 to 1.7 million tons. If there are no new unfavorable factors, Vietnam’s rice exports in 2022 will likely reach and exceed the plan… Forecasting the world situation in the last 3 months of the year, Dr. Le Dang Doanh said that there will continue to be fluctuations and instability. Therefore, to have good export activities, businesses must have forecasts in advance. However, in terms of rice exports, this is an opportunity for Vietnamese rice… Commenting on rice prices in the coming time, representatives of some businesses said that rice prices will only increase slightly and cannot increase suddenly. Because rice prices are common to the whole world. It is estimated that the export price of white rice could exceed 400 USD/ton, from the current 350 USD/ton. India is selling at 350 USD/ton, now with 20% tax added, it is about 70 USD, the price will fluctuate at 420 USD/ton. Meanwhile, the export price of Vietnamese rice is at 410 – 420 USD/ton… “Rice prices may increase, but not much and the increase is not proportional. In the past two years, fertilizers and gasoline have increased, so input costs in production for farmers are quite high” – said a representative of Trung An High-Tech Agriculture Joint Stock Company. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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