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MORNING MARKET TRENDS ON August 4th: According to AgroMonitor update, the weather is raining, raw rice is less, stockpiles are slowing down. Even some warehouses stopped buying, waiting to observe the market. The factory has few OM5451 products, the price is high but the warehouse has not accepted to buy the new price. With high prices, it is difficult for exporters to offer prices to customers, offer short-term prices during the day and limit sales. Meanwhile, some warehouses asked to buy Nang Hoa Dong Xuan rice to deliver to international traders and Philippinese traders asked to buy fragrant broken rai. The weather continued to have heavy rain, the harvest was interrupted, the rice fell. Many traders stopped buying, some pushed prices down, but farmers refused, keeping prices unchanged compared to yesterday. With the rice fields, farmers accept to sell lower than VND 200-300/kg. Heavy rain can last for the next 3-4 days, traders waiting to observe the situation, do not dare to pile up.
