Rice prices today on September 18th, 2023 in the Mekong Delta of Vietnam: Rice prices turned down, rice continued to increase

The price of rice today, September 18, in the domestic market fluctuated in opposite directions between commodities as it decreased with rice. Meanwhile, rice prices continue to increase.

Today’s rice price on September 18 in the Mekong Delta was adjusted down by 100 VND/kg with Dai Thom 8.

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 18, the price of Dai Thom 8 rice decreased by 100 VND/kg to 8,000 – 8,100 VND/kg.

Meanwhile, for the remaining rice varieties, prices went sideways. Specifically, OM 18 rice is priced at 8,000 – 8,200 VND/kg, OM 5451 rice is priced at 7,700 – 8,100 VND/kg; Miss Hoa 9 costs 8,200 – 8,400 VND/kg; IR 50404 rice is stable at 7,700 – 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.

For rice products, today the rice price is adjusted to increase by 100 – 200 VND/kg. Accordingly, the price of IR 504 raw rice fluctuates around 11,900 – 12,000 VND/kg, an increase of 100 VND/kg; IR 504 finished rice was also adjusted to increase by 200 – 300 VND/kg to 14,000 – 14,100 VND/kg.

With by-products, prices fluctuate in opposite directions between items. Specifically, the price of IR 504 panels was adjusted to increase by 150 VND/kg to 11,800 – 12,000 VND/kg; Meanwhile, the price of dry bran decreased by 400 VND/kg to 6,700 – 6,800 VND/kg.

Recorded in the Mekong Delta region such as An Giang, Kien Giang, Dong Thap…. at the beginning of the week, prices of Autumn-Winter rice of all types were relatively stable. However, there is a price difference between currencies. The source of Summer-Autumn rice is exhausted, the remaining quantity is mainly Japonica.

In An Giang, sticky rice prices are stable, transactions are quiet due to slow demand. The price of Long An sticky rice also decreased slightly. Meanwhile, in Kien Giang and Tien Giang, rice prices OM 380, OM 18, OM 5451 are stable, trading is slow.

At retail markets, rice prices do not fluctuate. Specifically at 15,500-17,000 VND/kg; sticky rice is currently at 16,000-21,000 VND/kg; Regular rice is usually priced at 13,000-15,000 VND/kg; Common white rice fluctuates around 16,000 VND/kg; Nang Nhen rice costs 23,000 VND/kg; long-grain fragrant rice ranges from 18,000 – 20,000 VND/kg; Huong Lai 19,500 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…

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 currently at 613-617 USD/ton and 25% broken rice fluctuates around 598-602 USD/ton.

The Vietnam Food Association predicts that from now until the end of the year, the Philippines is expected to import an additional 1.1 million tons of rice, and Indonesia is likely to import about 700,000 tons of rice. Other markets such as Malaysia and China also plan to import rice in the near future.

Along with that, the seasonal calendar for the 2023 – 2024 Winter-Spring rice crop in the Mekong Delta started early when people sowed seeds in early October. Harvest is expected in January 2024. Meanwhile, the Fall-Winter 2023 crop has begun to harvest and will last until December 2023. This will create favorable conditions for businesses to have raw materials to serve the rice export market.