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In 2019, wet paddy prices in Kaohsiung and Pingtung fell sharply, to less than 9 yuan per Taiwanese catty
Recently, rice harvesting has begun in parts of Kaohsiung and Pingtung, but it has been reported that because of last year's bumper rice harvest, the harvest volume hit a record high and has still not been absorbed, so the price offered by grain dealers for wet paddy is less than 9 yuan per Taiwanese catty. Many farmers have already reported to local elected representatives that growing rice
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Poor rice sales drag paddy prices lower
Recently, prices in some indica rice-producing areas in southern China have been steady to lower under the influence of many factors. Among them, poor rice sales are one of the important reasons for the decline in paddy prices. Entering the second quarter, sales in the domestic rice market were lower than in the first quarter, and the southern market was also squeezed by imported rice, so enthusiasm for purchasing paddy for processing and trading was relatively low. The indica rice market is expected to remain weak in the later period.
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