Paddy prices tend to stabilize, rice prices increase

Rice prices today, October 3, in the Mekong Delta region are unchanged from paddy prices. Rice prices increased slightly compared to yesterday. The market was quiet in the morning of the middle of the week.

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price has not been adjusted compared to yesterday, IR 50404 is priced at 6,900 - 7,000 VND/kg; Dai Thom 8 rice is priced at 7,800 - 8,000 VND/kg, OM 5451 rice is priced at 7,200 - 7,400 VND/kg; OM 18 rice is priced at 7,500 - 7,800 VND/kg; OM 380 fluctuates at 7,200 - 7,300 VND/kg; Japanese rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

In localities such as Soc Trang and Dong Thap, transactions were slow and there were few buyers. In An Giang, there was a lot of bad rice, warehouses bought slowly, and prices decreased slightly. In Dong Thap, warehouses bought at lower prices, transactions were quiet and there were few buyers.

Rice price today October 3, 2024: Rice price trend is stable, rice price increases.

Besides, the glutinous rice market has not adjusted compared to yesterday. Long An IR 4625 glutinous rice (dry) 9,500 - 9,700 VND/kg is stable compared to yesterday. Long An 3-month glutinous rice (dry) 9,800 - 10,000 VND/kg is unchanged compared to yesterday.

In the rice market, rice prices recorded a slight adjustment compared to yesterday. Currently, the price of raw IR 504 Summer-Autumn rice has increased to 9,900 - 10,100 VND/kg, an increase of 100 VND/kg. Meanwhile, the price of finished IR 504 rice has decreased to 12,400 - 12,500 VND/kg, an increase of 100 VND/kg.

For by-products, the price of by-products of all kinds fluctuates between 5,950 - 9,600 VND/kg. Currently, the price of OM 5451 broken rice has increased to 9,400 - 9,600 VND/kg, down 100 VND/kg; the price of dry bran has increased to 5,950 - 6,100 VND/kg, down 50 VND/kg.

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 - 22,000/kg; Huong Jasmine rice is VND23,000 - 25,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; Soc regular rice is VND18,000 - 18,500/kg; Soc Thai rice is VND21,000/kg; Japanese rice is VND22,000/kg.

In the export market, Vietnam's rice export prices remained unchanged compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was at $449/ton; 5% standard rice was at $557/ton; and 25% broken rice was at $525/ton.

In general, the domestic rice market is showing a stable trend, with a slight decrease in by-products and a slight increase in rice prices of VND100/kg.