Rice price today September 10 and summary of last week: Rice price fluctuated in opposite directions

Rice prices today, September 10, in the domestic market remained stable. During the past week, rice prices fluctuated strongly as they decreased at the beginning of the week and increased again at the end of the week.

Rice prices today, September 10, in the Mekong Delta region have not changed compared to yesterday.

Specifically, at An Giang warehouse, according to updates from the Department of Agriculture and Rural Development of An Giang province, OM 5451 rice has a price of 7,800 – 8,100 VND/kg; Dai Thom 8 rice is stable at 8,000 – 8,200 VND/kg; OM 18 rice fluctuates around 8,000 – 8,200 VND/kg; Miss Hoa 9 costs 8,000 – 8,400 VND/kg; IR 50404 rice is stable at 7,800 – 8,000 VND/kg; Japanese rice 7,800 – 8,000 VND/kg.

For sticky rice, fresh An Giang sticky rice is at 6,300 – 6,500 VND/kg; Fresh Long An sticky rice fluctuates around 7,300 – 7,450 VND/kg.

Regarding rice products, rice prices today leveled off and went sideways after an upward adjustment session. Accordingly, IR 504 raw rice fluctuates around 11,950 – 12,050 VND/kg; IR 504 finished rice is at 14,100 – 14,200 VND/kg.

With by-products, by-product prices also do not fluctuate. Accordingly, the price of IR 504 panels is at 11,800 VND/kg; Dry bran price is at 7,250 – 7,300 VND/kg.

Recorded in the Mekong Delta region today, transactions of Autumn-Winter rice of all types are slow, rice prices of all types are stable, traders rarely buy new ones. Over the past week, rice prices fluctuated little while rice prices adjusted sharply in opposite directions.

Accordingly, domestic rice prices dropped sharply by 300 – 550 VND/kg at the beginning of the week. However, in the last two sessions of the week, rice prices tended to increase again with an increase of 200 VND/kg.

At retail markets in An Giang province, rice prices are stable and do not fluctuate. Among them, sticky rice costs 16,000 – 20,000 VND/kg; Regular rice is priced at 12,500 – 14,000 VND/kg, Nang Nhen rice is priced at 23,000 VND/kg; long-grain fragrant rice ranges from 18,000 – 20,000 VND/kg; Jasmine fragrant rice at 16,000 – 18,500 VND/kg; Huong Lai 19,500 VND/kg; Common white rice 15,500 VND/kg; Nang Hoa 19,000 VND/kg; Soc rice usually costs 16,500 – 17,000 VND/kg; Soc Thai rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg…

In the rice export market, according to the Vietnam Food Association (VFA), export rice prices remain stable. Accordingly, the export price of 5% broken rice is at 628 USD/ton; 25% broken rice at 613 USD/ton.

Over the past week, rice prices continuously decreased sharply. Data from VFA shows that on September 6-7, rice prices continuously adjusted downward. Accordingly, Vietnam’s 5% broken rice is currently down 15 USD/ton compared to the September 5 session to 628 USD; 25% broken rice also decreased by 15 USD to 613 USD/ton. These are the two strongest consecutive declines since India banned rice exports.

On the world market, Thailand’s 5% rice also decreased by 15 USD to 618 USD/ton, 25% broken rice decreased by 12 USD to 563 USD/ton compared to September 5.

Mr. Nguyen Van Don – General Director of Viet Hung Co., Ltd. – said that after the Philippines imposed a rice price ceiling, many importers in this country asked to cancel rice purchase contracts. Because it is possible that importing businesses will also suffer losses when they are not allowed to sell higher than the imposed ceiling price.