Rice prices today, August 7, in the Mekong Delta region have been adjusted with finished rice products increasing by 50-100 VND/kg. Rice prices have increased and remained stable.
The rice market in localities in the Mekong Delta today generally has low supply, prices increased slightly, and warehouse purchases are slow.
Specifically, in An Cu (Soc Trang), the supply is low, the warehouse buys good rice, the price increases slightly, the warehouse buys slowly. In Sa Dec (Dong Thap), the price increases slightly, the quantity is low, the quality of rice is good, the warehouse buys a lot.
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| Rice price today August 7, 2024: Rice price increased by 50 - 100 VND/kg, rice price remained high |
At retail markets, rice prices have not been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND30,000/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.
Regarding rice, it is noted that in localities, rice transactions are moderate, rice prices have increased slightly, and demand is quite high. In Tay Ninh and Dak Lak, prices have increased sharply, and many traders have slowed down their purchases. In Soc Trang, demand is quite high, and prices have increased slightly. In Can Tho, demand for young autumn-winter rice is high, and farmers are buying and selling moderately, waiting for prices to increase.
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 6,900 - 7,000 VND/kg; Dai Thom 8 rice is at 7,400 - 7,600 VND/kg; OM 5451 rice is at 7,000 - 7,200 VND/kg; OM 18 rice is at 7,600 - 7,800 VND/kg; OM 380 fluctuates from 6,800 - 7,000 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg; Nang Hoa 9 is at 6,900 - 7,000 VND/kg, and Nang Nhen rice (dry) is at 20,000 VND/kg.
Accordingly, the sticky rice market recorded no adjustment compared to yesterday. Long An sticky rice (dried) 7,000 - 7,900 VND/kg, stable compared to yesterday. IR 4625 sticky rice (fresh) 7,500 - 7,800 VND/kg. Long An sticky rice (fresh) 7,400 - 7,600 VND/kg. An Giang sticky 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 remained at 11,250 - 11,400 VND/kg; IR 504 finished rice increased to 13,450 - 13,550 VND/kg, an increase of 50 - 100 VND/kg.
By-products today recorded an adjustment compared to yesterday. Currently, the price of OM 5451 broken rice increased to 9,300 - 9,400 VND/kg; an increase of 100 VND/kg; the price of dry bran is stable at 7,200 - 7,300 VND/kg.
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In the export market, Vietnam's rice export prices recorded no adjustment compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was at 435 USD/ton; 5% broken rice remained stable at 559 USD/ton; 25% broken rice was at 524 USD/ton.
The Indonesian National Logistics Agency (Bulog) announced the results of the July bidding for 320,000 tons of 5% broken rice, 7/12 packages of enterprises won the bid to export rice to the Indonesian market with a quantity of 185,000 tons. Of which, VinaFood 1 was the unit that won the most bids, 104,000 tons. Myanmar won the bid for 3 batches of rice.
According to information from the rice market website Ssricenews, in this bidding round, the Northern Food Corporation (Vinafood 1) offered rice prices from 567.5 to 577.5 USD/ton. The Southern Food Corporation (Vinafood 2) offered from 579.5 to 598 USD/ton. Thai and Pakistani enterprises also participated in the bidding but failed to win due to the high bid prices from 584 to 592 USD/ton.
Information for reference only
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