Rice price today August 17, 2022: Export prospects to Bangladesh, Philippines and Iraq

rice prices today, August 17, 2022: Export prospects to Bangladesh, Philippines and Iraq rice prices today in the Mekong Delta provinces continue to remain stable. According to traders, the amount of raw rice arriving is small, less than in previous days, warehouses are buying selectively, choosing the price. Transactions are quiet, the price of good rice is stable. In the world market, the export rice offering price remains stable. Currently, the price of 5% broken rice is at 393 USD/ton; 25% broken rice is 378 USD/ton, 100% broken rice is 383 USD/ton. In August 2022, USDA forecasts that global rice output in the 2021-2022 crop year is expected to increase slightly compared to the previous forecast. Imports will increase due to higher demand from Bangladesh, the Philippines and Iraq. Similarly, exports will also be slightly higher due to increased exports from India and Thailand. Rice imports of some countries in 2022 are forecast to increase compared to previous estimates. In the Philippines, rice imports in 2022 are expected to reach 3.2 million tons. According to Mr. Do Ha Nam – Vice President of the Vietnam Food Association, rice exports to the Philippines increased sharply in the first 7 months of the year because they were worried that India would stop exporting rice, so they increased their purchases of rice from Vietnam. Although the amount of rice exported increased sharply, the turnover increased disproportionately, because traders forced down prices and calculated that the value of rice exports to the Philippines decreased instead of increasing compared to the same period in 2021. #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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