Rice prices today on September 12th, 2023 in the Mekong Delta of Vietnam: Continuing downtrend

Rice prices today, September 12, in the domestic market continued to decrease with a decrease of 100 VND/kg. Market transactions are slow.

Rice prices today, September 12, in the Mekong Delta region adjusted downward with OM 18 rice, while remaining stable with other rice types.

Specifically, at An Giang warehouse, according to an update from the Department of Agriculture and Rural Development of An Giang province on the morning of September 12, OM 18 rice is priced at 8,000 – 8,100 VND/kg, down 100 VND/kg.

For the remaining rice varieties, prices remain stable. Currently Dai Thom 8 rice is stable at 8,000 – 8,200 VND/kg; OM 5451 has a price of 7,700 – 8,000 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.

With sticky rice, dry An Giang sticky rice is at 9,200 – 9,400 VND/kg; Dry Long An sticky rice ranges from 9,300 – 9,450 VND/kg.

Regarding rice products, rice prices today continue to be adjusted down by 50 – 100 VND/kg compared to yesterday. Accordingly, IR 504 raw rice fluctuates around 11,800 – 11,900 VND/kg, down 100 VND/kg; IR 504 finished rice is at 13,900 – 14,000 VND/kg, down 100 VND/kg.

For by-products, the price of by-products was also adjusted down by 100 VND/kg. Accordingly, the price of IR 504 panels is at 11,600 VND/kg, down 100 VND/kg; The price of dry bran also decreased by 100 VND/kg to 7,100 – 7,200 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.

In the domestic rice market, rice prices of all types tend to decrease. In Dong Thap and An Giang, rice prices of all kinds decreased by 50 – 100 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 623 USD/ton; 25% broken rice at 608 USD/ton.

Explaining the cause of the decline in rice prices, Mr. Pham Thai Binh – Chairman of the Board of Directors of Trung An High-tech Agriculture Joint Stock Company – said that the Philippines imposing a ceiling on domestic rice retail prices aims to stabilize rice prices. Avoid manipulation and speculation when retail prices increase at an alarming rate. Meanwhile, the Philippines is currently the world’s largest rice importer, so the ceiling price is much lower than the world rice price, meaning it is difficult for countries to export to this market due to price differences.

On the positive side, the decrease in export rice prices will help businesses have easier access to importers. But Mr. Binh said that the worrying thing is that the current price of rice in the domestic market is still too high, making businesses not dare to buy it because of the risk of loss.