Rice price increase, rice price decrease

Domestic rice price

In the Mekong Delta region, trading activities have begun to become active again. Several large warehouses in Thot Not have joined the market, focusing on purchasing fragrant and sticky rice varieties such as OM 18. Transactions in local markets have also remained stable, without many major price changes.

Regarding raw rice, the price of OM 5451 rice ranges from VND 9,500 to VND 9,600/kg, OM 380 from VND 7,700 to VND 7,850/kg, IR 504 at VND 7,800 to VND 8,000/kg. OM 18 rice is priced between VND 9,300 and VND 9,500/kg. Finished rice IR 504 and Nang Hoa 9 continue to remain stable.

At retail markets in An Giang, many types of rice such as Nang Hoa, Soc Thai, and Taiwan... have all decreased slightly. Prices range from 15,000 to 28,000 VND/kg depending on the type, of which Nang Nhen rice still has the highest price.

The glutinous rice market did not record significant fluctuations. Prices of fresh and dried glutinous rice remained stable, from 7,600 to 9,700 VND/kg.

By-products such as bran, broken rice, and rice husks also did not change much. Prices ranged from 800 to 7,300 VND/kg, depending on the type.

Meanwhile, the rice market in provinces such as Soc Trang, Can Tho, Long An, and Dong Thap remains sluggish. Although farmers are offering quite high prices, traders and businesses are still cautious in purchasing. Particularly in Soc Trang, consumption demand has shown signs of increasing, and traders have begun to operate more regularly.

According to information from the An Giang Department of Agriculture, the prices of rice varieties such as Dai Thom 8, IR 50404, OM 380, OM 18 and OM 5451 all increased by 100 to 200 VND/kg compared to last weekend. Only Nang Hoa 9 rice remained at the same price of 6,550 to 6,750 VND/kg.

Export rice price

According to the Vietnam Food Association (VFA), the export price of 5% broken rice from Vietnam is currently being offered at $399 per ton. This price is higher than the same type of rice from Thailand ($396/ton), India ($380/ton) and Pakistan ($389/ton).

For 25% broken rice, Vietnam’s export price is currently at $370 per ton. This is $5 lower than Thailand’s, but $4 and $11 higher than India’s and Pakistan’s, respectively.

Domestic raw rice prices tend to increase slightly after the holiday, due to limited supply and the demand for fragrant rice starting to increase again. However, for rice prices to increase strongly and stably, the market still needs more push from export activities.

According to a report from the Ministry of Agriculture and Environment, in the first quarter of 2025, Vietnam exported about 2.2 million tons of rice, reaching a turnover of 1.14 billion USD. Although output increased slightly by 0.6% compared to the same period last year, the value decreased by nearly 20%. The main reason was the sharp decrease in average rice prices, estimated at only about 522 USD per ton - 20.1% lower than the same period in 2024.

In terms of consumption markets, the Philippines continued to be Vietnam’s largest customer, accounting for 42.1% of total rice exports. Meanwhile, Ivory Coast and Ghana ranked second and third with market shares of 16.3% and 10.2%, respectively. Notably, the value of rice exports to Ivory Coast increased 10-fold and to Ghana increased more than 3-fold compared to the same period last year, although the Philippine market showed signs of slowing down with a 15.7% decrease in value.

Source: https://baoquangnam.vn/gia-lua-gao-hom-nay-9-4-2025-gia-lua-tang-gia-gao-giam-3152340.html