Rice price today June 25, 2022: Export rice price fluctuates between 383 – 418 USD/ton

rice price today, June 25, 2022: Export rice price fluctuates from 383 – 418 USD/ton. Today’s rice price in the Mekong Delta provinces stagnated and remained unchanged. It is forecasted that rice export will continue to face many difficulties. Today, the amount of raw rice imported is higher, warehouses buy sparingly. The demand for broken rice and bran is quite good. Factories offer a lot but purchasing power is low, rice transactions are slow. In the world market, Vietnam’s export rice prices stagnated and remained unchanged after a mixed session. Currently, Vietnam’s export price of 5% broken rice is stable at 418 USD/ton, 100% broken rice is 383 USD/ton, 25% broken rice remains at 403 USD/ton. It is forecasted that rice export in the coming time will still face many difficulties. Currently, the African market has switched to buying rice from India due to good prices and much cheaper transportation costs than Vietnam. However, the big problem now is that Vietnamese rice is facing strong competition from Thai rice in terms of price and quality. Forecasting the export price of rice in the coming time, businesses believe that liquidity is low and prices will be difficult to increase, despite high demand. The reason is that some countries still have large inventories. In addition, many countries have shortages but mainly for national contract bidding, so it is difficult to participate in commercial contracts. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

source