Rice price today September 16, 2022: Domestic market stagnates, exports are vibrant

rice prices today, September 16, 2022: Domestic market stagnates, exports are bustling rice prices today in the Mekong Delta remained stable after an upward adjustment session. The trading market slowed down after a series of volatile days. In the world market, export rice prices increased sharply. Currently, the price of 5% broken rice is at 400 USD/ton, 25% broken rice and 100% broken rice remain stable at 378 USD/ton and 383 USD/ton. Mr. Nguyen Van Don – Director of Viet Hung Company Limited said that India’s imposition of a 20% tax on exported rice and the temporary suspension of broken rice exports are causing strong fluctuations in the world rice market. In recent days, Vietnam’s export rice prices have continuously increased, about 30 USD/ton more than in early September. The increase in export rice prices has caused businesses to buy rice from farmers at higher prices, and the domestic market is also more vibrant. According to Mr. Don, in the last summer-autumn crop, businesses bought a large amount of rice reserves, so this is the “golden” time for businesses to export rice. Many foreign partners are also shifting to the Vietnamese and Thai markets… to replace them, so businesses expect many new orders. Mr. Nguyen Van Don predicts that from now until the end of the year, the world rice market may increase further. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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