Rice prices increase by 50-150 VND/kg, exported rice is the most expensive in the world

Rice prices today, August 16, in the Mekong Delta region, the domestic market increased with rice. Rice prices increased by 50-100 VND/kg, rice exports are at the most expensive level in the world.

The rice market in localities in the Mekong Delta today is generally quite well stocked, with little supply and high prices.

Specifically, in An Cu (Soc Trang), the volume is low, transactions are stable, warehouse purchases are slow, and prices are stagnant. In Lap Vo (Dong Thap), warehouse purchases are quite good, prices are stagnant and high. In Sa Dec (Dong Thap), there is no rice, warehouses are open to buy regularly, and market prices are slow. In Kien Giang, prices are high, mainly buying rice near the harvest date.

At retail markets, rice prices have not 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; Jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; regular Soc rice is VND18,500/kg; Thai Soc rice is VND20,000/kg; Japanese rice is VND22,000/kg.

Rice price today August 16, 2024: Rice price increased by 50-150 VND/kg, exported rice is the most expensive in the world

Regarding rice, it is noted that in localities where Dai Thom 8 Dong Xuan dry rice is priced high, many traders have sold their goods, the remaining quantity is low, and there is a shortage of goods. In Dong Thap, the demand for buying is quite high, the price of rice tends to increase slightly, traders offer low prices and do not sell. In Can Tho, the demand for buying Autumn Winter rice is stable, and transactions are slow. In Kien Giang,

Specifically, according to the update from the Department of Agriculture and Rural Development of An Giang province, today's rice prices are unchanged compared to yesterday, IR 50404 fluctuates around 7,500 - 8,000 VND/kg; Dai Thom 8 rice is at 8,300 - 8,400 VND/kg; OM 5451 rice is at 8,000 - 8,200 VND/kg; OM 18 rice is at 8,300 - 8,400 VND/kg; OM 380 fluctuates from 8,000 VND/kg; Japanese rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

Accordingly, the glutinous rice market recorded no adjustment compared to yesterday. IR 4625 glutinous rice (fresh) 7,800 - 7,900 VND/kg, stable compared to yesterday. An Giang glutinous rice (fresh) 7,000 - 7,200 VND/kg, unchanged compared to yesterday.

Regarding rice, rice prices recorded an adjustment compared to yesterday. Specifically, IR 504 summer-autumn raw rice increased to 11,750 - 11,900 VND/kg, an increase of 50 - 100 VND/kg; IR 504 finished rice remained at 13,850 - 13,900 VND/kg, an increase of 50 - 100 VND/kg.

By-products today recorded no adjustment compared to yesterday. Currently, the price of OM 5451 broken rice remains at 9,500 - 9,600 VND/kg, an increase of 50 VND/kg; the price of dry bran remains at 7,200 - 7,300 VND/kg, a decrease of 50 - 100 VND/kg.

In the export market, Vietnam's rice export prices have been adjusted compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice is at 440 USD/ton; 5% broken rice is at 575 USD/ton, up 5 USD; 25% broken rice is at 539 USD/ton, up 3 USD.

Data from the Vietnam Food Association (VFA) shows that Vietnamese rice prices are increasing in the opposite direction to those of its competitors, Thailand and Pakistan. On August 15, Vietnam's 5% broken rice exports were traded at $575 per ton, $14 per ton higher than those of Thailand and $34 per ton higher than those of Pakistan. Similarly, Vietnam's 25% broken rice exports also increased to $539 per ton, $27 per ton and $22 per ton higher than those of Thailand and Pakistan, respectively.

Compared to the world's top rice exporting countries, Vietnamese rice exports are the most expensive. In the domestic market, rice prices have also recovered in recent weeks, helping farmers earn a good income.

According to VFA, the average export price of Vietnamese rice is very high. At one point, the export price of Vietnamese rice to Brunei reached 959 USD/ton, to the US reached 868 USD/ton, to the Netherlands reached 857 USD/ton, to Ukraine reached 847 USD/ton, to Iraq reached 836 USD/ton, to Türkiye reached 831 USD/ton...

Information for reference only

Source: https://congthuong.vn/gia-lua-gao-hom-nay-1682024-gia-gao-tang-50-150-dongkg-gao-xuat-khau-o-muc-dat-nhat-the-gioi-339345.html