Rice price today October 3, 2022: Supply decreases, rice price remains high

rice price today October 3, 2022: Supply decreased, rice price remained high. Today’s rice price in the Mekong Delta did not fluctuate compared to yesterday. In the domestic market, transactions between warehouses and factories slowed down. Supply is gradually decreasing because the summer-autumn rice crop has come to the end of the season, while the autumn-winter rice harvest has not yet arrived, so rice prices remain high. In the world market, the export rice offering price remained stable after an upward adjustment session. According to the Vietnam Food Association, the export price of 5% broken rice is at 423 USD/ton, and 25% broken rice is at 403 USD/ton. Mr. Nguyen Thanh Long, Director of Viet Rice Company Limited, said that the two types of rice most affected when India had the above policy were white rice and broken rice. In fact, the current export price of Vietnamese white rice has increased by about 15-20 USD/ton, to 415-425 USD/ton. Meanwhile, Thai rice also benefited, increasing to 410 USD/ton. Broken rice was the type of rice that increased the most, the export price of broken rice from Vietnam as well as other countries increased by 20-25 USD/ton, to 380-390 USD/ton. However, the amount of broken rice exported from Vietnam is not large. Countries that export a lot of broken rice such as Myanmar and Pakistan benefited greatly. Mr. Long said that currently, many customers from Africa, Russia and some Asian countries have begun to inquire about white rice prices, increasing orders with Vietnamese rice exporting enterprises because of concerns that rice prices may increase further in the near future… #rice price #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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