Rice price today September 1: Market is quiet, price is stable

On September 1, the domestic rice market fluctuated little, transactions were quiet; prices of paddy and rice from fields to retail markets remained stable, and exports continued to move sideways.

On the morning of September 1, rice prices in the Mekong Delta remained stable, with trading quite quiet. Low arrival volume and slow buying by traders caused the market to generally remain flat compared to the previous session.

Rice price developments

According to the Department of Agriculture and Environment of An Giang province, the price of exported raw rice remained unchanged compared to yesterday. CL 555 and OM 5451 rice fluctuated between 7,700 and 7,900 VND/kg; OM 380 rice was at 8,200 and 8,300 VND/kg; OM 18 rice remained at 9,600 and 9,700 VND/kg; IR 50404 rice was stable at around 8,500 and 8,600 VND/kg.

In the finished rice segment, OM 380 is being traded at VND8,800 - 9,000/kg, while IR 50404 is at VND9,500 - 9,700/kg.

Rice price at the field

In many localities, fresh rice prices remain stable. Specifically, OM 5451 rice fluctuates between 5,900 and 6,000 VND/kg; OM 18 rice is at 6,000 and 6,200 VND/kg; Nang Hoa 9 and Dai Thom 8 both fluctuate between 6,100 and 6,200 VND/kg; IR 50404 remains at 5,700 and 5,800 VND/kg; OM 380 is at 5,700 and 5,900 VND/kg.

Trading activities in An Giang , Can Tho, Dong Thap and Ca Mau are slow. Some warehouses have good selection of goods but new transactions are not active.

Retail rice market

Rice prices at traditional markets continue to remain stable. Nang Nhen rice remains the highest at VND28,000/kg, Huong Lai at VND22,000/kg. Long-grain Thai fragrant rice is commonly priced at VND20,000-22,000/kg; Nang Hoa rice at VND21,000/kg; Jasmine fragrant rice at VND16,000-18,000/kg; common white rice remains at VND16,000/kg.

Price of sticky rice and by-products

The glutinous rice segment remained stable: dry IR 4625 was 9,500 - 9,700 VND/kg, fresh glutinous rice was 7,300 - 7,500 VND/kg. By-products also remained unchanged, broken rice OM 5451 was at 7,150 - 7,250 VND/kg, dry bran fluctuated at 6,250 - 6,350 VND/kg, rice husk remained at 1,400 - 1,500 VND/kg.

Rice exports

Vietnam's rice export prices remain unchanged from yesterday. According to the Vietnam Food Association (VFA), 5% broken rice is at $389 per ton; 25% broken rice is $368 per ton; and 100% broken rice is $335 per ton.

In the context of fierce competition in the global market, Vietnamese rice prices remain high due to limited supply. However, businesses are advised to closely monitor international trade developments to have timely response solutions.

Source: https://baodanang.vn/gia-lua-gao-hom-nay-1-9-thi-truong-tram-lang-gia-di-ngang-3300886.html