Trade4go Summary
The article highlights the stability of domestic rice prices in the Mekong Delta on January 20, 2025, despite a significant decrease in export rice prices, which have reached their lowest level in the past two years. This decline is largely attributed to the resumption of rice exports by India, which has increased the global supply and put downward pressure on prices. Factors such as the depreciation of the Indian rupee and reduced import demand from the Philippines and Indonesia have also contributed to this trend. The Vietnam Food Association provides an overview of rice prices in the local markets and compared to other leading rice exporting countries. The article also discusses the challenges and prospects for the Vietnamese rice industry.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
On January 20, 2025, the rice price market in the Mekong Delta did not fluctuate much compared to yesterday. Rice prices remained stable, while export rice prices continued to decrease, reaching the lowest level in the past 2 years. Below is detailed information on domestic rice prices, domestic rice prices, export rice prices and market comments. Domestic rice prices today Raw material and finished rice prices: Retail prices at markets: By-product prices: Transaction situation: Domestic rice prices today Rice prices in the Mekong Delta provinces: Transaction situation in localities: Export rice prices today In the export market, Vietnamese rice prices continued to decrease and reached the lowest level in the past 2 years. According to the Vietnam Food Association (VFA), today's rice export prices are recorded as follows: Compared to the world's leading rice exporting countries, Vietnam's rice prices are at the lowest level: Reasons for the decrease in rice export prices: India's ...