Agricultural market last week in the US and UK: Rice prices fell slightly

Published 2023년 6월 5일

Tridge summary

The article provides an overview of rice prices in Vietnam, indicating a slight decrease in regular rice prices, while ordinary rice prices have increased. It also notes that the estimated rice output in Vietnam has surpassed last year's figures, with 1.5% increase in average yield. The export prices for Vietnamese and Thai broken rice are noted to be high, with Vietnamese rice reaching its highest selling price since late April 2023. In contrast, the Chicago Mercantile Exchange has seen an increase in corn and soybean prices, amid concerns about midwest droughts. Furthermore, the article touches on the global agricultural market, mentioning potential weather impact on trading trends and the influence of the Black Sea grain deal on markets. It also discusses the downward trend in Robusta coffee prices on ICE Europe - London.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The highest price of regular rice in the field is 6,550 VND/kg, the average price is 6,450 VND/kg, down 43 VND/kg. Meanwhile, the price of ordinary rice at the warehouse increased by an average of 92 VND/kg, at 7,742 VND/kg; The highest price is 7,950 VND/kg. Prices of rice products have a slight decrease. Accordingly, 5% broken rice has the highest price of 11,300 VND/kg, the average price is 11,350 VND/kg, down 93 VND/kg. 15% broken rice has the highest price of 11,100 VND/kg, the average price is 10,983 VND/kg, down 92 VND/kg. 25% broken rice has the highest price of 10,900 VND/kg, the average price is 10,742 VND/kg, down 75 VND/kg. Grade 1 white milled rice fell sharply by 500 VND/kg, the average price was 11,350 VND/kg. Data from the Institute of Policy and Strategy for Agriculture and Rural Development shows that, in Can Tho, rice prices continue to remain stable in some areas such as: IR 50404 is 6,800 VND/kg, Jasmine is 7,600 VND/kg; OM 4218 is 7,500 VND/kg. In Kien Giang, ...
Source: Vinanet

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