Tridge summary
Vietnam's rice exports are expected to bring in a record turnover of approximately 5 billion USD this year due to high demand from traditional markets like the Philippines and Indonesia. The prices of some rice types in the Mekong Delta have slightly decreased, while rice export prices have remained stable. The Ministry of Agriculture and Rural Development is organizing a review of seven pilot models for the Project on Sustainable Development of One Million Hectares of High-Quality and Low-Emission Rice Cultivation, which aims to increase yields, reduce production costs, and profitability for farmers. Meanwhile, rice export prices in India have fallen to a three-month low due to weak demand, and Thai rice prices have risen to their highest since late June. In the US, wheat, corn, and soybean prices on the Chicago Board of Trade have all fallen due to profit-taking and high estimates of US corn production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rice prices in the Mekong Delta last week did not fluctuate much compared to last week. Vietnam's rice export prices also did not fluctuate much. According to some rice traders, rice exports are expected to continue to be favorable in the last months of the year and are expected to bring in a record turnover of about 5 billion USD this year, because the demand for rice imports from many large, traditional markets of Vietnam, such as the Philippines, Indonesia, etc. remains high in the coming time. In An Giang, according to the update of the Department of Agriculture and Rural Development, some types of rice have slightly decreased in price compared to last week, such as: Dai Thom 8 is priced from 8,300-8,500 VND/kg, down 100 VND/kg; OM 18 is from 8,300-8,500 VND/kg, also down 100 VND/kg. Other types of rice remain stable in price, such as: OM 5451 from 8,200-8,400 VND/kg, Japanese rice from 7,800-8,000 VND/kg, IR 50404 from 7,800-8,000 VND/kg. Regarding rice products on the retail ...
Source: Vietstock
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