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Rice prices today on October 7th, 2023 in the Mekong Delta of Vietnam: Rice price increased by 100 VND/kg, the market was vibrant
Rice prices today, October 7, were adjusted to increase with rice, while rice prices continue to trend sideways. The trading market is vibrant.
Rice prices today, October 7, in the Mekong Delta region continue to maintain a sideways trend. Accordingly, in the An Giang area, according to updates from the Department of Agriculture and Rural Development of An Giang province, the price of fresh rice IR 50404 fluctuates between 7,800 – 7,900 VND/kg; OM 5451 rice ranges from 7,700 – 8,000 VND/kg; OM 18 rice is at 8,000 – 8,100 VND/kg; Fresh fragrant 8 leaves 7,800 – 8,100 VND/kg; Nang Hoa 9 costs 8,200 – 8,400 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg; Nhen (dried) 15,000 VND/kg.
For sticky rice, AG (dry) sticky rice is at 9,000 – 9,200 VND/kg; Long An sticky rice (dried) is now 9,100 – 9,200 VND/kg.
With rice products, prices of raw rice and finished products increased sharply today. Accordingly, the current price of IR 504 raw rice fluctuates around 12,200 – 12,250 VND/kg, an increase of 100 VND/kg; IR 504 finished rice also increased by 100 VND/kg to around 14,200 – 14,250 VND/kg.
With by-products, by-product prices today also rebounded. Accordingly, the current price of IR 504 panels remains at 12,100 – 12,200 VND/kg, an increase of 100 VND/kg; Dry bran price is at 6,900 – 7,000 VND/kg, an increase of 100 VND/kg.
Recorded in the Mekong Delta region today, the Autumn-Winter rice market is actively trading. In beautiful rice fields, farmers offered increased rice prices. Particularly in An Giang, sticky rice transactions were slow, Long An sticky rice also remained stable compared to yesterday.
In the rice market, today there is little raw rice coming in, rice is concentrated in a few warehouses that need goods and buy a lot, other warehouses can buy a small amount. In Dong Thap and Tien Giang, prices of rice types such as IR 504, OM 380, OM 5451 tend to increase.
At retail markets, the price of ordinary rice is usually 12,000 – 14,000 VND/kg; Common white rice 16,000 VND/kg; nang rice 23,000 VND/kg; long-grain fragrant rice 18,000 – 20,000 VND/kg; Jasmine fragrant rice 15,500 – 17,000 VND/kg; Huong Lai rice 19,500 VND/kg; Nang Hoa rice 19,000 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.
On the export market, today’s export rice price remains stable. According to the Vietnam Food Association (VFA), the export price of 5% broken rice is at 613 USD/ton; The price of 25% broken rice fluctuates around 598 USD/ton.
Many exporters said that the Vietnamese market is quiet but prices have not decreased because we do not have much rice left to export and rice buyers are still waiting for harvests from other countries in the hope of increased supply. , reduced price.
In the last months of the year, Vietnamese rice prices will be from the current level or higher because farmers do not lower their selling prices. They have to make a profit of 40 – 50% to sell rice, not accepting a profit of 20 – 25% like before. Not to mention that no matter how much rice they produce, farmers can sell it all and businesses can export it all. Without rice to export, how can the price be reduced? In addition, the factor of the Philippines removing the rice price ceiling will cause rice importing businesses to return to the market. They are Vietnam’s largest rice customer and when they return to the market, Vietnam will benefit and increase orders.