RICE NEWS OCT,2023
Thailand is harvesting so the price of all types of rice has decreased… Vietnam and Cambodia also harvested many autumn and winter crops but the output was not satisfactory because of the rain.
Asian rice: Indian parboiled rice prices continue to decline due to export taxes affecting demand
Oct 26 (Reuters) – Parboiled rice export prices from India fell for the fourth straight week as a recent tariff extension on shipments from the leading hub sapped demand, while demand New products from Indonesia have increased the price of Vietnamese rice.
The price of Indian 5% broken parboiled rice fell to 495-505 USD/ton from 510-520 USD/ton last week.
India on October 13 extended the 20% export tax on parboiled rice until March 2024.
Additionally, “rice prices are falling due to the new crop supply starting. This allows exporters to reduce export prices,” said a New Delhi-based exporter.
New Delhi has reduced the floor price fixed for basmati rice exports after farmers and exporters complained that it was hurting trade, government and industry sources said.
Meanwhile, officials said neighboring Bangladesh has withdrawn its plan to lift the export ban on fragrant rice as the country must rein in high domestic prices despite good output and reserves.
Vietnam’s 5% broken rice price increased to 640-645 USD/ton from 625-630 USD/ton last week.
“Prices increased due to high demand from Indonesia, while domestic supply remained unchanged,” said a trader in Ho Chi Minh City, adding that tensions in the Middle East could encourage countries to increase strengthen food reserves.
This trader added that concerns about lower autumn-winter crop yields also caused price increases.
Delivery data shows that 331,750 tons of rice will be loaded at Ho Chi Minh City port between October 1 and 27, mostly delivered to the Philippines, Indonesia and Cuba.
Thailand’s 5% broken rice price decreased to 568-570 USD/ton from 575-580 USD/ton last week.
A Bangkok-based trader said prices fell due to additional supplies from millers, while demand from Indonesia, which is looking for pre-Christmas supplies, was limiting the decline.
Another trader said India’s decision to ease restrictions on exports of non-basmati white rice to some countries and weaker demand from Africa also contributed to the fall in prices. (Source Reuters)
—> Cambodia was affected by floods because of heavy rain
Flood warnings issued in Cambodia as more rainstorms on way
VIETNAM RICE GRAINS – THE ESSENCE OF CONVERGENCE AT VIETNAM FOODEXPO 2023
The rice price fever still shows no signs of cooling down. As of the end of August, Vietnam exported 6 million tons of rice, reaching a turnover of nearly 2.3 billion USD, equivalent to the record for the whole year 2022. According to the Vietnam Food Association (VFA), many countries around the world have Increase imports of Vietnamese rice due to supply shortage in the global market.
The Ministry of Industry and Trade forecasts that Vietnam’s rice exports are expected to continue to grow in the last 4 months of this year, thanks to a sudden increase in orders from a number of emerging markets.
VIETNAM FOODEXPO 2023 is proud to be the gathering place of famous Vietnamese rice brands with high quality, products are likened to heaven-sent pearls because of their fragrant and nutritious flavor.
Experience Vietnamese and world cuisine at Vietnam Foodexpo 2023
: November 22-25, 2023
: Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City
In the first 9 months of 2023, Vietnam’s coffee exports reached 1,266 million tons, worth 3.16 billion USD, down 7.3% in volume but up 1.9% in value compared to the same period last year. By the end of the year, Vietnam can export an additional 500,000 tons of coffee.
Vietnam’s Ministry of Agriculture and Rural Development reported that Vietnam produced 33.6 million tons of rice in the first 9 months of the year, of which 6.5 million tons were exported, worth 3.6 billion USD. In terms of rice export prices, Vietnam ranks first in the world. Fruit and vegetable exports reached 4.2 billion USD for the first time. By the end of the year, rice export value could exceed 4 billion USD, while vegetables and fruits could exceed 5 billion USD.
HẠT GẠO VIỆT NAM – TINH HOA HỘI TỤ TẠI VIETNAM FOODEXPO 2023
Cơn sốt giá gạo vẫn chưa có dấu hiệu hạ nhiệt. Tính đến cuối tháng 8, Việt Nam xuất khẩu 6 triệu tấn gạo, đạt kim ngạch gần 2,3 tỷ USD, tương đương ghi nhận cả năm 2022. Theo Hiệp hội Lương thực Việt Nam (VFA), nhiều nước trên thế giới đã tăng cường nhập khẩu gạo Việt Nam do thị trường toàn cầu thiếu hụt nguồn cung.
Bộ Công Thương dự báo xuất khẩu gạo của Việt Nam dự kiến sẽ tiếp tục tăng trưởng trong 4 tháng cuối năm nay, nhờ đơn đặt hàng tăng đột biến từ một số thị trường mới nổi.
VIETNAM FOODEXPO 2023 tự hào là nơi quy tụ các thương hiệu gạo Việt Nam nổi tiếng với chất lượng cao, sản phẩm được ví như hạt ngọc trời ban bởi hương vị dẻo thơm và bổ dưỡng.
Trải nghiệm ẩm thực Việt Nam và thế giới tại Vietnam Foodexpo 2023
: 22-25/11/2023
: Trung tâm Hội chợ Triển lãm Sài Gòn (SECC), TP.HCM
Triển lãm chỉ mở cửa cho KHÁCH THƯƠNG MẠI/CHUYÊN NGÀNH