Will rice prices rise in 2022 (Rice market forecast and analysis this year)

It is expected that the rice price trend throughout 2022 will show a trend of first rising, then falling, and then stabilizing. The first stage is from January to February. Affected by domestic and foreign epidemic factors, the price of concentrated rice stocking will generally rise and the price will be at a high level. By late February, local rice prices will begin to fall.

Rice Price Trend and Analysis in 2022

Since 2021, the overall price trend of rice has shown a relatively sluggish trend, with occasional slight increases, but the increase is also very limited.

At present, the floor price of rice in some producing areas has been reduced, and due to the impact of transportation costs, weather, etc., most of it is consumed locally. In the short term, the rice market price in 2022 will run smoothly and weakly.

Domestic rice prices will be generally stable in 2022, and production will increase towards the end of the year. Purchase and sales in the northeastern production areas are in full swing and are no longer affected by epidemic control, making it easier for farmers to sell grain.

However, as the Spring Festival approaches, the market demand for rice increases, which will drive up rice prices. However, the increase will not be too large, because the market supply is sufficient, and the price range may be 1.4-1.5 yuan/jin.

Overall, it is expected that rice price trends throughout 2022 will show a trend of first rising, then falling, and then stabilizing. (Only based on current data, the specific situation needs to be determined based on the actual local purchase price)

The first stage is from January to February. Affected by domestic and foreign epidemic factors, the concentrated stocking of rice Prices will generally rise, with prices at high levels. By late February, local rice prices will begin to fall.

Rice price trends after New Year’s Day in 2022

Rice market prices are stable and fluctuating. In the northeastern production areas, the Heilongjiang support market will end at the end of February 2022. The inventory of rice companies is low. Round-grain rice has policy support, and its rice prices are relatively stable and firm.

The purchase volume of the state reserve in the southern region is not large, which has limited support for rice prices, and the market supply is sufficient. In this way, rice shipments are slower, and rice mills do not have large stocks for New Year's Day. The overall situation is that the rice is strong and the rice is weak.

The overall quality of japonica rice in Jiangsu production areas in 2021 has declined compared with the previous two years, and prices have been rising since the new grain was launched. However, prices have been falling recently in 2022, mainly because the rotation of grain depots is coming to an end.

As for indica rice, as various grain holders are reluctant to sell at high prices, there are few purchases and sales in the market. Only the bidding and procurement of grain depots in some areas support its prices.

The glutinous rice supply in Northeast China was affected by both early snowfall and epidemic prevention and control. The external transportation of glutinous rice was seriously hampered and the inventory was running low. Overall, rice prices may remain stable around New Year's Day in 2022.