Rice prices today on November 21th, 2023 in the Mekong Delta of Vietnam: Rice prices increase and decrease in opposite directions

Rice prices today, November 21, in the Mekong Delta fluctuated in opposite directions with a downward adjustment for rice, while rice prices continued to remain high.

Rice prices today, November 21, in the Mekong Delta region stagnated and tended to move sideways after an upward adjustment session.

Accordingly, in the An Giang area, an update from the Department of Agriculture and Rural Development of An Giang province on the morning of November 21 showed that Dai Thom 8 rice fluctuated around the mark of 9,100 – 9,300 VND/kg; IR 504 rice remains stable at 8,700 – 8,900 VND/kg; OM 18 rice at 9,100 – 9,200 VND/kg Nang Hoa 9 rice at 9,200 – 9,300 VND/kg; OM 18 rice is at 9,000 – 9,200 VND/kg; OM 5451 ranges from 8,900 – 9,000 VND/kg; OM 380 fluctuates around 8,600 – 8,800 VND/kg.

With sticky rice, dry An Giang sticky rice is stable around 9,400 – 9,800 VND/kg; Dry Long An sticky rice is priced at 9,400 – 9,800 VND/kg.

In the rice market, rice prices turned down today. Accordingly, at export warehouses in Sa Dec, IR 504 raw rice decreased by 100 VND/kg to 12,900 – 12,950 VND/kg; OM 5451 raw rice decreased by 50 VND/kg to 13,400 – 13,450 VND/kg; Raw rice OM 18, Dai Thom 8 decreased by 50 VND/kg to 13,650 – 13,750 VND/kg.

At the market rice channel, the price of raw rice OM 18 and Dai Thom 8 remained stable at 14,000 – 14,200 VND/kg; OM 5451 raw rice fluctuates around 13,700 – 13,900 VND/kg; IR 504 raw rice at 13,150 – 13,250 VND/kg; OM 380 raw rice is at 12,850 – 12,950 VND/kg.
Similarly, by-product prices also went sideways. Accordingly, the price of IR 504 panels is at 13,000 – 13,200 VND/kg; The price of dry bran remains stable at 7,500 – 7,600 VND/kg.

Recorded in the Mekong Delta provinces today, autumn-winter rice transactions are slow. Since yesterday, few traders have asked to buy because they paid low prices and farmers refused to sell. The amount of unstalked rice is still small, so farmers do not accept low prices.

In the rice market, today there is less rice source, rice quality is improved compared to yesterday. Warehouses buy rice at a lower price than yesterday, from 50 to 100 VND/kg.

At retail markets, the price of Nang Hoa 9 rice is 19,500 VND/kg; Nhen rice fluctuates around 26,000 VND/kg; Jasmine rice is stable at 16,000 – 18,500 VND/kg; Regular rice is usually priced at 12,000 – 14,000 VND/kg; Common white rice 16,000 VND/kg; long-grain fragrant rice 18,000 – 20,000 VND/kg; Huong Lai rice 19,500 VND/kg; Squirrel rice usually costs 16,000 – 17,000 VND/kg; Thai squirrel rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg.

In the export market, Vietnam’s export rice prices today continue to trend sideways. According to the Vietnam Food Association (VFA), the current export price of 5% broken rice is at 653 USD/ton; The price of 25% broken rice fluctuates around 638 USD/ton.

In contrast to Vietnamese rice, Thai rice prices today continue to increase. According to the Vietnam Food Association, in the trading session on November 20, the price of Thai 5% broken rice increased by 7 USD/ton compared to last week, to 585 USD/ton.

With the above increase, the price of Thai rice is currently 17 USD higher than the same quality Pakistani product but still 68 USD lower than Vietnamese rice.

The reason for the increase in Thai rice prices is explained by the fact that the Government of this country has approved an additional budget package worth 56 billion baht to provide measures to support the rice industry. Raise total state spending to support rice in the 2023/24 harvest season to 111 billion baht. Thai authorities estimate that this program is expected to benefit 4.68 million households in addition to helping to absorb (temporarily store) about 3 million tons of rice.