Rice price today August 4, 2022: 5% broken rice price decreased by 15 USD/ton

rice price today August 4, 2022: 5% broken rice price decreased by 15 USD/ton Today’s rice price in the Mekong Delta provinces is stable in the domestic market. Meanwhile, export rice prices have turned to decrease sharply. According to rice traders in the West, the price of many other rice products has also decreased by an average of 10 – 20 USD/ton compared to the end of June. Although traditional markets are facing difficulties, high-end markets such as the EU, CPTPP… are still growing well due to taking advantage of Free Trade Agreements (FTAs), rice output to these markets is still low. In the world market, Vietnam’s export rice prices have decreased sharply after many days of staying at a high level. Specifically, the price of 5% broken rice decreased by 15 USD/ton to 398 USD/ton; 25% broken rice decreased by 10 USD/ton to 383 USD/ton; 100% broken rice 383 USD/ton. Price reduction is the general trend of the world rice market in the past month. Specifically, 5% broken rice from Thailand has lost about 20 USD/ton compared to the end of last month, Hom Mali rice is only 870 USD/ton, down 40 USD/ton; Jasmine is 619 USD/ton, down 105 USD… According to reports from reputable organizations, the decrease in rice prices is due to abundant supply in exporting countries. Meanwhile, major consuming markets in Asia are expanding production areas to improve domestic supply. Another important factor is that the Chinese market, the world’s leading rice importer, is implementing a policy to prevent the Covid-19 epidemic, so it limits rice imports. High world rice prices in 2021 and the first months of 2022 also caused Chinese traders to delay imports from traditional markets such as Vietnam. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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