Rice prices remain high, rice export prices remain high

Rice prices today, August 11, in the Mekong Delta region remained stable compared to yesterday. Rice market transactions were slow, rice prices remained high.

The rice market in localities in the Mekong Delta today generally has little good rice, good purchasing stock, and prices have slightly decreased.

Specifically, in An Giang , the warehouses are slow to buy, the rice arrival is low, transactions are slow, and prices fluctuate slightly. In Lap Vo (Dong Thap), rice is absent from the ports, the arrival is low, the warehouses are open to buy quite a lot but there is little rice to buy, and the rice price fluctuates slightly.

Rice price today, August 11, 2024: Rice price remains high, export rice price is high. Photo: VNA

At retail markets, rice prices have not been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND30,000/kg; Jasmine rice is VND18,000 - VND20,000/kg; Nang Hoa rice is VND20,000/kg; regular rice fluctuates around VND15,000 - VND16,000/kg; long-grain fragrant rice is VND20,000 - VND21,000/kg; Huong jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; regular Soc rice is VND18,500/kg; Thai Soc rice is VND20,000/kg; Japanese rice is VND22,000/kg.

Regarding rice, it is noted that rice transactions in localities are moderate, rice prices are high. In Can Tho, transactions are slow, there is not much autumn-winter rice from one source, mainly young rice that is only a few days old. In Long An, rice transactions are relatively high, rice prices are high. In Soc Trang , prices of all types of rice are stable, and demand is stable.

Specifically, according to the update from the Department of Agriculture and Rural Development of An Giang province, today's rice prices have been adjusted compared to yesterday, IR 50404 prices fluctuate around 6,900 - 7,000 VND/kg; Dai Thom 8 rice is at 7,400 - 7,600 VND/kg; OM 5451 rice is at 7,000 - 7,200 VND/kg; OM 18 rice is at 7,650 - 7,800 VND/kg; OM 380 fluctuates from 6,800 - 7,100 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg; Nang Hoa 9 is at 6,900 - 7,000 VND/kg, and Nang Nhen rice (dry) is at 20,000 VND/kg.

Accordingly, the glutinous rice market recorded no adjustment compared to yesterday. IR 4625 glutinous rice (fresh) 7,500 - 7,800 VND/kg, stable compared to yesterday. Long An glutinous rice (fresh) 7,400 - 7,600 VND/kg. An Giang glutinous rice (fresh) 7,000 - 7,200 VND/kg, unchanged compared to yesterday.

Regarding rice, the price of rice recorded no adjustment compared to yesterday. Specifically, IR 504 summer-autumn raw rice remained at 11,400 - 11,550 VND/kg; IR 504 finished rice remained at 13,550 - 13,650 VND/kg.

By-products today recorded no adjustment compared to yesterday. Currently, the price of OM 5451 broken rice remains at 9,200 - 9,400 VND/kg; the price of dry bran remains at 7,250 - 7,350 VND/kg.

In the export market, Vietnam's rice export prices recorded an adjustment compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was at 435 USD/ton; 5% broken standard rice remained at 562 USD/ton, up 3 USD; 25% broken rice was at 525 USD/ton, up 5 USD.

Top exporter India's 5% broken parboiled rice was quoted at $539-$545 a tonne, down from $543-$551 a tonne last week. Meanwhile, traders said Vietnam's 5% broken rice was offered at $565 a tonne, up from $560 a week ago. A trader in Ho Chi Minh City said demand from Philippine buyers was increasing, while exports to the Philippines and Indonesia had increased in recent days.

In Thailand, benchmark 5% broken rice was quoted at $565 a tonne, down from $570-$575 last week. A Bangkok-based trader said the fall was partly due to a stronger baht. He said supplies were steady thanks to favorable weather.

Information for reference only

Source: https://congthuong.vn/gia-lua-gao-hom-nay-ngay-1182024-gia-lua-neo-cao-gia-gao-xuat-khau-o-muc-cao-338292.html