Paddy prices increase, rice prices decrease as exports stagnate

In the past week in the Mekong Delta, rice prices at the field mostly increased, while finished rice prices tended to decrease.

Summer-autumn rice harvest in Ca Mau . Photo: Huynh Anh/VNA

According to the Vietnam Food Association, fragrant field rice has the highest price of 5,950 VND/kg, averaging 5,657 VND/kg, up about 36 VND/kg compared to last week. In contrast, regular rice decreased by about 29 VND/kg, with an average price of 5,257 VND/kg.

Regarding raw rice: brown rice grade 1 has the highest price of 9,050 VND/kg, average 8,492 VND/kg, down 92 VND/kg; grade 2 has the highest price of 8,275 VND/kg, average 8,171 VND/kg, down 29 VND/kg. White rice grade 1 decreased by 50 VND/kg (highest price 10,450 VND/kg), grade 2 decreased by 75 VND/kg (highest price 9,150 VND/kg).

In An Giang , fresh rice varieties fluctuated: IR 50404 was purchased at 5,000 - 5,200 VND/kg (up 300 VND/kg); OM 380 was about 5,800 - 6,000 VND/kg (up 2 VND/kg); OM 5451 was from 5,400 - 5,600 VND/kg (up 200 VND/kg); OM 18 was at the same level; while Dai Thom 8 decreased by 200 VND/kg.

In An Giang's retail market, rice prices are mostly stable: regular rice 13,000 - 15,000 VND/kg; Thai fragrant rice 20,000 - 22,000 VND/kg; Jasmine 16,000 - 18,000 VND/kg; white rice 16,000 VND/kg, Nang Hoa 21,000 VND/kg, Huong Lai 22,000 VND/kg, Taiwanese fragrant rice 20,000 VND/kg, Soc normal rice 17,000 VND/kg, Soc Thai rice 20,000 VND/kg, Japanese rice 22,000 VND/kg.

The price of IR 504 raw rice is at 8,100 - 8,250 VND/kg, IR 504 finished rice is from 9,500 - 9,700 VND/kg; OM 380 raw rice is from 7,900 - 8,000 VND/kg; OM 380 finished rice fluctuates at 8,800 - 9,000 VND/kg.

For by-products, the price of by-products of all kinds fluctuates between 7,400 - 9,000 VND/kg. The price of dry bran is at 9,000 - 10,000 VND/kg.

Regarding exported rice, the Vietnam Food Association said that the price of 5% broken fragrant rice from Vietnam was offered at 440 - 465 USD/ton, equivalent to the previous week.

Trading activity remains sluggish due to weak global demand, traders said, while rice prices were hit after the Philippines, one of the biggest importers, decided to extend its ban on rice imports for another 60 days.

While Vietnam’s rice export prices remained flat, Thai rice export prices continued to fall this week and hovered around a nine-year low, due to abundant supplies and weak demand. Meanwhile, Indian rice prices edged up from a three-year low, thanks to a slight improvement in demand.

Thailand's 5% broken rice was quoted at $345 a tonne on October 2, the lowest since November 2016, down from $350 a tonne last week.

Traders attributed the price decline to flat demand. One Bangkok-based trader said orders for Thai rice were mostly small quantities and from regular buyers. Another trader said supplies were plentiful due to the ongoing harvest.

Thailand is keeping its export target at 7.5 million tonnes this year, a Commerce Ministry official said earlier this week.

Meanwhile, India’s 5% broken parboiled rice was quoted at $358-$365 a tonne this week, up from $354-$362 a tonne last week. India’s 5% broken white rice was quoted at $369-$375 a tonne. Prices had fallen to a three-year low around mid-September 2025 due to weak export demand and increased supplies.

A trader in New Delhi said demand was somewhat better than last week, as buyers appeared to realize prices had bottomed out and were unlikely to fall further.

In the US agricultural market, US soybean futures closed lower on October 3, as the fast-moving US harvest overshadowed early support from hopes that upcoming talks between the US and China could revive stalled trading activity.

Soybeans for November 2025 delivery on the Chicago Board of Trade rose as high as $10.28 a bushel before falling back to close down 5.75 cents at $10.18 a bushel. The contract rose 0.4% for the week, its first gain in three weeks.

Despite the late-week decline, soybean prices were still up nearly 25 cents a bushel from mid-week lows following comments by US President Donald Trump that soybeans would be a major topic of discussion at his meeting with Chinese President Xi Jinping in four weeks.

Meanwhile, US Treasury Secretary Scott Bessent on October 2 predicted a "pretty big breakthrough" after negotiations between the US President and the Chinese President, while also emphasizing that the US Government will support soybean farmers.

Soybean markets remain under pressure from lower-than-normal exports and expectations of a bumper U.S. harvest. Importers in China, the top U.S. market, have yet to buy soybeans from the country’s fall harvest.

Meanwhile, corn prices edged lower on the prospect of increased supplies from a potential bumper US crop, while wheat prices rose on technical buying and buying to cover an open short position.

Corn for December 2025 delivery fell 2.75 cents to $4.19 a bushel. Wheat for the same period rose 0.5 cent to $5.15 a bushel.

The U.S. corn harvest is also progressing quickly, thanks to warm, dry weather across the Midwest Corn Belt.

However, government data on harvest progress will not be released due to the US government shutdown. The impasse in government funding negotiations may also delay the release of the important supply and demand report on October 9 (1 bushel of corn = 25.4 kg; 1 bushel of wheat, soybeans = 27.2 kg).

The world coffee market showed that at the end of the trading session on October 3, the price of Robusta coffee on the London floor increased by 176 - 205 USD/ton, equivalent to 1.45 - 4.74%, while the price of Arabica coffee on the New York floor increased by 3.1 - 3.41%.

Robusta coffee prices for November 2025 delivery increased by 205 USD to 4,527 USD/ton, while Arabica coffee prices for December 2025 delivery increased by 280 USD to 8,610 USD/ton.

During the week, with 3 strong fluctuations at the end of the week, Robusta coffee prices increased by 326 USD/ton, equivalent to nearly 7.8%, while Arabica coffee prices increased by 258 USD/ton, equivalent to 3.1%.

In the domestic market, coffee prices on October 4 are forecast to increase again from the 115,400 VND/kg mark, expected to reach at least 118,500 VND/kg.

Domestic coffee prices have recently increased less when international floor prices increased, but have decreased more sharply when floor prices decreased, possibly due to seasonal pressure preventing stockpiling, and when concerns about a peak harvest make it difficult for coffee prices to maintain high levels.

Source: https://baotintuc.vn/chinh-sach-bhxh-bhyt/gia-lua-tang-gia-gao-giam-khi-xuat-khau-chung-lai-20251005131928464.htm