Rice prices slightly decreased by 50-100 VND/kg, many warehouses closed early for the holidays

Rice prices today, August 30, in the Mekong Delta region decreased for rice and paddy. Rice prices decreased by 50-100 VND/kg, paddy prices decreased by 100 VND/kg.

It is noted that in localities today, the price of Summer-Autumn rice is stable; Autumn-Winter rice is being offered well by farmers, the remaining amount of Winter-Spring rice is low. In Can Tho, the demand for Autumn-Winter rice near the holiday is somewhat slow.

Rice price today August 30, 2024: Rice price slightly decreased by 50-100 VND/kg, many warehouses closed early for the holiday

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price recorded a slight decrease compared to yesterday, IR 50404 price fluctuated around 7,900 - 8,000 VND/kg; Dai Thom 8 rice price decreased to 8,400 - 8,500 VND/kg, down 100 VND/kg; OM 5451 rice price decreased to 8,000 - 8,200 VND/kg, down 100 VND/kg; OM 18 rice price decreased to 8,400 - 8,500 VND/kg, down 100 VND/kg; OM 380 fluctuated at 7,800 VND/kg; Japanese rice was at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) was at 20,000 VND/kg.

Besides, the glutinous rice market remained unchanged compared to yesterday. IR 4625 glutinous rice (fresh) 7,400 - 7,600 VND/kg, stable compared to yesterday. An Giang glutinous rice (fresh) 7,000 - 7,200 VND/kg, unchanged compared to yesterday.

Update in localities today, demand for purchase decreased among places. Specifically, in An Cu (Tien Giang), rice prices decreased, the quantity arrived was low. In Sa Dec rice market channel (Dong Thap), the quantity arrived was low, market warehouses bought sparingly, many places stopped buying, market rice prices decreased slightly. In Lap Vo (Dong Thap), the quantity arrived was low, warehouses bought slowly, some warehouses closed early for the holiday.

Regarding rice, rice prices have been adjusted compared to yesterday. Currently, IR 504 Summer-Autumn raw rice is down to 11,100 - 11,200 VND/kg, down 50-100 VND/kg; IR 504 finished rice is down to 13,200 - 13,300 VND/kg, down 100 VND/kg.

By-products today recorded an adjustment compared to yesterday. Currently, the price of OM 5451 broken rice has dropped to 9,200 - 9,300 VND/kg, down 100 VND/kg; the price of dry bran has dropped to 6,900 - 7,000 VND/kg, down 50 VND/kg.

At retail markets, rice prices have been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND28,000/kg; Jasmine rice is VND18,000 - 20,000/kg; Nang Hoa rice is VND20,000/kg; regular rice fluctuates around VND15,000 - 16,000/kg; long-grain fragrant rice is VND20,000 - 21,000/kg; Huong Jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; Soc regular rice is VND18,500/kg; Soc Thai rice is VND21,000/kg, an increase of VND1,000/kg; Japanese rice is VND22,000/kg.

In the export market, Vietnam's rice export prices recorded an adjustment compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice increased to 452 USD/ton, up 12 USD; 5% standard rice decreased to 575 USD/ton, down 3 USD; 25% broken rice decreased to 535 USD/ton, down 10 USD.