Rice price today March 29, 2023: Rice price is stable

Rice price update on March 29, 2023: Stable rice prices today‘s rice prices in the Mekong Delta continue to be stable for all types of rice. Good rice is slightly higher. According to traders, today’s rice supply is low, rice prices continue to increase. Rice prices have increased slightly in some varieties. Raw rice prices in Cai Be, Tien Giang fluctuated little, selling prices depend on quality, high demand. In the world market, Vietnam’s export rice prices today have not fluctuated. Currently, the price of 5% broken rice is at 448 USD/ton; 25% broken rice remains at 428 USD/ton. Experts predict that other countries are also expanding their purchasing demand, especially Vietnam’s traditional markets such as China, the Philippines, and Indonesia. Recently, the Indonesian Government has decided to increase the amount of rice purchased for reserve to 2.4 million tons instead of about 1.2 million tons as at present to ensure food security. This will help Vietnam to ensure the amount of rice exported this year, striving to export about 7 million tons. #rice_price_today #western_farmers #market_price

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