Rice prices today 5/6 in the Mekong Delta of Vietnam: High price, slow trading market

Rice prices today 5/6 in the Mekong Delta have no change compared to yesterday. Rice market trade slowed down due to high prices.

Rice prices today 5/6 in the Mekong Delta region have no change compared to yesterday. Accordingly, in An Giang, the price of OM 18 rice is purchased by traders for 6,800 VND/kg; Rice OM 5451 price 6,300 – 6,500/kg. IR 50404 rice price ranges from 6,200 to 6,400 VND/kg. Nang Hoa 9 rice is purchased by traders with prices ranging from 6,600 to 6,800 VND/kg. The price of Taiwanese fragrant 8 rice ranges from 6,800 to 7,000 VND/kg. The price of Japanese rice ranges from 7,800 to 8,000 VND/kg. Nang Nhen rice (dry) is priced at 13,000 VND/kg.

Similarly, sticky rice is stable. Accordingly, AG (fresh) sticky rice costs 6,200 VND/kg. AG (dry) glutinous rice is priced in the range of 8,200 – 8,400 VND/kg. Long An sticky rice (dry) is priced in the range of 8,600 – 8,800 VND/kg.

With rice, the price of raw materials and finished products tends to move sideways. Specifically, the price of raw rice IR 504 Summer-autumn fluctuates around the mark of 9,450 – 9,650 VND/kg; IR 504 finished rice 10,800 – 10,900 VND/kg.

Rice price today 5/6: High price, slow trading market
Rice prices today have no change
For by-products, sheet price remained stable at 9,400 – 9,500 VND/kg; Dried bran 7,400 – 7,550 VND/kg.

At the retail market, the price of rice remained stable, ordinary rice remained 11,500 – 12,500 VND/kg; Jasmine fragrant rice 15,000 – 16,000 VND/kg; Soc rice is usually 15,000 VND/kg; Sticky rice 16,000 – 18,000 VND/kg; Common white rice 14,500 VND/kg; Miss Hoa 18,500 VND/kg; Soc Thai 18,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Japanese rice 22,000 VND/kg; Bran 7,600 – 8,000 VND/kg; Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg and Huong Lai 19,000 VND/kg.

According to the traders, today the amount of raw rice is small. Trade in summer-autumn rice is stable, rice prices fluctuate slightly in some areas.

The domestic rice market has slowed down because many customers are stopping buying because of the high price.

In the export market, the export price of Vietnam’s 5% broken rice is being offered at $498/ton; 25% broken rice at $483/ton. At this price, Vietnamese rice is currently 5-18 USD/ton higher than Thailand’s rice of the same type.

Mr. Nguyen Quang Hoa – Director of Duong Vu Co., Ltd. said that the Philippines, China and Indonesia are the three most important rice export markets of Vietnam. These markets also require higher quality rice and they accept higher prices, so the value of the turnover is superior, different from the value of rice exported to African countries.