Rice price today September 3: Market stagnant, transactions quiet after holiday

Today's rice prices in the Mekong Delta and local markets continue to move sideways, with few transactions and stable exports around 335 - 389 USD/ton.

Domestic rice prices remain stable

On September 3, the rice market in the Mekong Delta region was generally flat, with trading activity quiet after the holiday. Raw rice and finished rice prices remained at their usual levels, and fresh rice prices remained unchanged compared to the beginning of the week.

According to the Department of Agriculture and Environment of An Giang province, raw rice OM 5451 is currently traded at around 7,700 - 7,900 VND/kg; IR 504 at around 8,500 - 8,600 VND/kg; CL 555 at 7,700 - 7,800 VND/kg. OM 380 and OM 18 are fluctuating at 8,200 - 8,300 VND/kg and 9,600 - 9,700 VND/kg, respectively. Finished rice OM 380 is currently at 8,800 - 9,000 VND/kg, while IR 504 is at 9,500 - 9,700 VND/kg.

By-product prices continue to remain stable. OM 5451 broken rice is commonly priced at 7,150 - 7,250 VND/kg, dry bran is 8,000 - 9,000 VND/kg, while rice husk prices are stable at 1,400 - 1,500 VND/kg.

Rice prices remain stable

In the rice segment, most types remained unchanged compared to the end of last week. OM 18 (fresh) remained at 6,000 - 6,200 VND/kg; IR 504 (fresh) from 5,700 - 5,900 VND/kg; OM 5451 (fresh) at 5,900 - 6,000 VND/kg; Dai Thom 8 (fresh) and Nang Hoa 9 fluctuated around 6,100 - 6,200 VND/kg. OM 308 (fresh) was traded at 5,700 - 5,900 VND/kg.

Localities have recorded few new transactions. Farmers mainly keep rice in warehouses, traders buy sparingly, so the market has not shown any signs of excitement.

Retail rice market

At traditional markets, retail rice prices remained unchanged from yesterday. Nang Nhen rice remained at the highest level of VND28,000/kg; Huong Lai rice remained at VND22,000/kg; Thai fragrant rice fluctuated between VND20,000 and VND22,000/kg; Jasmine was around VND16,000 and VND18,000/kg. Prices of white rice, Soc rice, Japanese rice... remained unchanged.

Glutinous rice also remains stable. Dried IR 4625 glutinous rice is 9,500 – 9,700 VND/kg, fresh type is 7,300 – 7,500 VND/kg; 3-month dried glutinous rice is at 9,600 – 9,700 VND/kg.

Export rice price

In the international market, Vietnam's rice export prices have remained stable. According to the Vietnam Food Association (VFA), 25% broken rice is currently at 368 USD/ton, 100% broken rice is 335 USD/ton and 5% broken rice is at 389 USD/ton.

Meanwhile, Thailand – Vietnam’s major export competitor – reported a sharp decline in export volume. In the first 7 months of the year, the country sold 4.3 million tons of rice, down 25% compared to the same period last year, with export value down 35.4%. The reason comes from the appreciation of the baht and fierce competition from other countries, especially when India resumed exports.

However, Thailand still maintained positive exports to some markets such as the US and China, while stepping up promotion in the Middle East and Japan to offset the decline.

Source: https://baodanang.vn/gia-lua-gao-hom-nay-3-9-thi-truong-chung-giao-dich-tram-lang-sau-nghi-le-3300942.html