Vietnam: Domestic rice and rice prices increased sharply

Published 2023년 8월 14일

Tridge summary

The price of rice in Vietnam has increased, with ordinary rice in the field and at the warehouse seeing a significant rise, as well as broken rice and grade 1 white milled rice. Despite the high prices, the Ministry of Agriculture and Rural Development predicts that the country's rice output will meet both domestic demand and export needs. The rice export prices in Asia have also gone up due to the ban on rice exports by India, leading to concerns about the global supply of this essential food item.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Food Association, the highest price of ordinary rice in the field last week was 8,050 VND/kg, the average price was 7,786 VND/kg, an increase of 571 VND/kg. The price of ordinary rice at the warehouse also increased by an average of 688 VND/kg, at 9,417 VND/kg; The highest price is 9,800 VND/kg. Prices of rice products also increased sharply. Accordingly, 5% broken rice has the highest price of 14,850 VND/kg, the average price is 14,633 VND/kg, an increase of 983 VND/kg. 15% broken rice has the highest price of 14,550 VND/kg, the average price is 14,350 VND/kg, an increase of 1,000 VND/kg. 25% broken rice has the highest price of 14,250 VND/kg, the average price is 14,033 VND/kg, an increase of 958 VND/kg. Plate 1/2 also increased by 986 VND/kg, an average of 11,350 VND/kg; The highest price is 11,600 VND/kg. In particular, the price of grade 1 white milled rice increased sharply with 1,288 VND/kg, the average price was 14,925 VND/kg. According to the ...
Source: Vinanet

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