Rice price decreased by 200 VND/kg, rice export at low level

Rice prices today, September 27, in the Mekong Delta region decreased for rice and paddy. Rice prices decreased by 200-300 VND/kg. Rice prices decreased by 100 VND/kg. Currently, rice prices fluctuate around 10,450 - 12,900 VND/kg.

In localities such as Hau Giang and Dong Thap, new rice trading is quiet, with little quality rice and little price fluctuation. In Can Tho, the price of autumn-winter rice is stable, with slow trading. In Ca Mau, the peak crop has passed, less rice has arrived, and trading is quiet.

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price recorded an adjustment compared to yesterday, IR 50404 price is at 7,100 - 7,300 VND/kg, down 200 VND/kg; Dai Thom 8 rice is at 8,000 - 8,200 VND/kg, OM 5451 rice is at 7,400 - 7,700 VND/kg, down 200 VND; OM 18 rice is at 7,800 - 8,000 VND/kg; OM 380 fluctuates at 7,300 VND/kg, down 300 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

Rice price today September 27: Rice price decreased by 200-300 VND/kg, rice export at low level

Besides, the glutinous rice market has adjusted compared to yesterday. Long An IR 4625 glutinous rice (dry) 9,500 - 9,700 VND/kg, down 100 VND/kg compared to yesterday. Long An 3-month glutinous rice (dry) 9,800 - 10,000 VND/kg, up 100 VND/kg compared to yesterday.

In the rice market, rice prices have been adjusted compared to yesterday. Currently, the price of IR 504 Summer-Autumn raw rice is at 10,450 - 10,600 VND/kg. Meanwhile, the price of IR 504 finished rice has dropped to 12,800 - 12,900 VND/kg, down 100 VND/kg.

For by-products, the price of by-products of all kinds fluctuates between 6,000 - 9,700 VND/kg. Currently, the price of OM 5451 broken rice is at 9,600 - 9,700 VND/kg; the price of dry bran is at 6,000 - 6,050 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 - 21,000/kg; Huong Jasmine rice is VND18,000/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 have been adjusted compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice is at 454 USD/ton; 5% standard rice is at 564 USD/ton, down 1 USD; 25% broken rice is at 534 USD/ton, down 1 USD.

Thai rice export prices fell to a 14-month low this week due to pressure from weak demand and competition from other rice exporters, while Indian rates edged up.

Thailand's 5% broken rice was quoted at $560 a tonne, the lowest since July 20, 2023 and down from $565 last week.

Indonesia has demand for rice, but it imports rice from other exporters at lower prices, a Bangkok-based trader said, adding that the rise in the Thai baht has also reduced the competitiveness of Thai rice.

Top exporter India’s 5% broken parboiled variety was quoted at $536 a tonne this week, up from $534 last week, the lowest since mid-January 2024. “A strong rupee is pushing up prices, but demand remains sluggish. Buyers are holding off in hopes of India cutting export duties,” a Mumbai-based trader said.

Vietnam’s 5% broken rice was offered at $565 a tonne on September 26, also down from around $580 last week, according to the Vietnam Food Association. The decline was due to competition from other suppliers such as Thailand, Cambodia and Myanmar, according to a Ho Chi Minh City-based trader.