Rice price today September 30, 2022: Rice price stagnates, transactions slow down

rice prices today, September 30, 2022: Rice prices stagnant, trading slows down rice prices today in the Mekong Delta remained stable after a mixed session. Trading slowed down due to storms. In the world market, export rice prices remained stable after an upward adjustment session. According to the Vietnam Food Association, the export price of 5% broken rice is at 423 USD/ton, and 25% broken rice is at 403 USD/ton. The Vietnam Commodity Exchange (MXV) commented that, in general, the supply and demand picture of the rice market is leaning towards an upward trend in the fourth quarter of 2022 and early 2023. Extreme weather in many Asian countries, which account for 90% of global rice production, is putting rice supply in an alarming shortage. India’s export ban, while China is forecast to import a record 6 million tons of rice next year, will be an opportunity for Vietnam’s rice export industry. As an essential food, rice demand 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

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