Rice price today April 28, 2022: Rice price continues to be stable

rice price today April 28, 2022: Rice price continues to be stable rice price today in the Mekong Delta provinces continues to remain unchanged for raw rice and finished rice. The amount of rice imported is small. Prices of all types of rice increased compared to last month. There is not much rice supply left in the Winter-Spring crop. According to some businesses in the Western provinces, in March, domestic rice prices continuously increased due to the impact of input costs such as high gasoline prices, increasing transportation and fertilizer costs; in addition, it increased according to the general increase in food prices in the world, including the impact of the conflict between Russia and Ukraine… However, the market has not had large orders because partners still have the mentality of waiting for more time for prices to stabilize again. On the other hand, large traditional customers such as China, the Philippines, Indonesia… also have a good harvest, so they are not in a hurry to sign new contracts. However, according to many years, the market is usually active again in April – May, and import customers will start signing new contracts. This has helped domestic rice prices rise again. Currently, according to the Vietnam Food Association (VFA), the export price of 5% broken rice from Vietnam is around 415 USD/ton, Thai rice is 408 USD/ton, and India and Pakistan are only 343 – 358 USD/ton. #rice price #agriculture #nhanong #mientay

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