Rice export price returns to 400 USD/ton

This week, rice exports returned to $400/ton. Photo: Trung Chanh

According to the Department of Agriculture and Environment of An Giang, the price of fresh rice purchased by traders for IR 50404 is at 5,600-5,700 VND/kg, OM 5451 decreased by 100 VND to 5,700-5,900 VND/kg, Dai Thom 8 and OM 18 increased by 100-200 VND to 6,500-6,700 VND/kg, Nang Hoa 9 is stable at 6,350-6,500 VND/kg.

In An Giang, the price of rice is usually sold at 15,000-16,000 VND/kg, long-grain Thai fragrant rice at 20,000-22,000 VND/kg, Jasmine at 18,000-20,000 VND/kg, common white rice at 17,000 VND/kg, Huong Lai at 22,000 VND/kg, Taiwanese fragrant rice at 21,000 VND/kg...

The price of IR 504 raw rice is at 7,750-7,950 VND/kg, OM 380 is from 7,650-7,750 VND/kg. Finished rice IR 504 is at 9,500-9,700 VND/kg, OM 380 fluctuates from 8,800-9,000 VND/kg. By-product price is from 6,600-10,000 VND/kg, dry bran is 9,000-10,000 VND/kg.

Many localities are sowing the Summer-Autumn crop in parallel with the Winter-Spring rice harvest. Farmers are advised to use certified rice varieties, prioritizing widely adaptable and well-consumed varieties such as OM 18, OM 5451, OM 4900, OM 6976, Jasmine 85, Dai Thom 8...

Additional varieties such as OM 429, RVT, ST5, ST20, ST24, ST25 are suitable for specific production areas. Groups of medium quality varieties such as IR 50404, ML 202, OM 576 are only planted on less than 20% of the area to avoid difficulty in consumption.

According to the Vietnam Food Association, 5% broken rice was offered at $400 a tonne, up from $394 a tonne last week. A trader in the Mekong Delta predicted that rice prices would stabilize in the next few sessions due to abundant supply.

Indian rice prices fell to their lowest since June 2023 last week due to weak demand and abundant supplies, while Thai rice prices remained steady at their lowest in more than two years.

India's 5% broken rice was offered at $395-$401 a tonne, down from $403-$410 last week. A trader in New Delhi said buyers were slow to place orders or even delay them as prices continued to fall. The Indian government has allowed exports of 100% broken rice since early March after a ban from September 2022.

In Thailand, 5% broken rice remained unchanged at $405 a tonne from last week. Traders said prices were little changed due to weak demand and the impact of the exchange rate. A Bangkok-based trader said the sluggish market and stiff competition from Indian and Vietnamese rice could make it difficult for Thai rice exports in 2025.

Meanwhile, the Bangladesh government plans to lift the ban on fragrant rice exports to boost trade. As the world’s third-largest rice producer, Bangladesh mainly consumes domestically, but hopes to increase exports thanks to the new policy.

( According to thesaigontimes.vn )

Source: https://baoapbac.vn/kinh-te/202503/gao-xuat-khau-tro-lai-muc-400-do-la-mytan-1038428/