Stable trading market, export rice prices decrease

Rice prices today, October 24, in the Mekong Delta region continued to decline with rice prices continuing to decline. In the export market, Vietnam's rice prices fell sharply while those of Thailand and Pakistan remained stable.

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price has not been adjusted compared to yesterday, IR 50404 is priced at 6,800 - 7,000 VND/kg; Dai Thom 8 rice is priced at 7,800 - 8,000 VND/kg, OM 5451 rice is priced at 7,200 - 7,400 VND/kg; OM 18 rice is priced at 7,200 - 7,300 VND/kg, OM 380 fluctuates at 7,200 - 7,300 VND/kg; Japanese rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

Rice price today October 24, 2024: Stable trading market, export rice price decreases

In localities such as Soc Trang , Dong Thap, and An Giang, transactions are slow and warehouses are slow to buy. In An Giang, many warehouses are slow to buy, with low supply and stable prices.

Besides, the glutinous rice market has not adjusted compared to yesterday. Long An IR 4625 glutinous rice (dry) 9,600 - 9,800 VND/kg is stable compared to yesterday. Long An 3-month glutinous rice (dry) 9,800 - 10,000 VND/kg is unchanged compared to yesterday.

In the rice market, rice prices have been adjusted compared to yesterday. Currently, the price of IR 504 Summer-Autumn raw rice has dropped to 10,500 - 10,600 VND/kg, down 100 VND/kg. Meanwhile, the price of IR 504 finished rice has dropped to 12,600 - 12,700 VND/kg, down 100 VND/kg.

Regarding by-products, the prices of various by-products fluctuate between 5,900 - 9,600 VND/kg. Currently, the price of OM 5451 broken rice is at 9,500 - 9,600 VND/kg, stable compared to yesterday; the price of dry bran is at 5,900 - 6,000 VND/kg, unchanged compared to yesterday.

At retail markets, rice prices have been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of 28,000 VND/kg; the price of common white rice today has been adjusted up 500 VND/kg, at 17,500 VND/kg. However, the price of regular rice continues to be fixed at 15,000 - 17,000 VND/kg, fragrant rice 17,000 - 23,000 VND/kg. Jasmine rice is 18,000 - 20,000 VND/kg; Nang Hoa rice is 21,500 VND/kg; regular rice fluctuates around 15,000 - 16,000 VND/kg; long-grain fragrant rice is 20,000 - 22,000 VND/kg; Huong Lai rice is 23,000 VND/kg; Taiwanese fragrant rice is 21,000 VND/kg; Soc rice is usually 18,500 VND/kg; Thai Soc rice is 21,000 VND/kg; Japanese rice is 22,000 VND/kg.

In the export market, Vietnam's rice export prices have been adjusted compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice is at 432 USD/ton, down 6 USD/ton; 5% standard rice is at 532 USD/ton, down 2 USD; 25% broken rice is at 504 USD/ton, down 2 USD/ton.