Rice prices fall sharply

Rice prices today, January 7, 2025 in the Mekong Delta region fluctuated slightly with rice, some rice products decreased sharply compared to last weekend.

Giá lúa gạo hôm nay ngày 7/1: Lúa quay đầu giảm mạnh

Rice price today, January 7: Rice prices have dropped sharply. Photo: Thanh Minh.

In particular, for rice, according to the update from the Department of Agriculture and Rural Development of An Giang province, the current price of IR 50404 rice (fresh) decreased by 200 VND, fluctuating at 7,200 - 7,400 VND/kg; OM 5451 rice decreased by 500 VND, fluctuating at 7,800 - 8,000 VND; OM 18 rice (fresh) decreased by 500 VND, fluctuating at 8,000 - 8,200 VND/kg; Dai Thom 8 rice (fresh) decreased by 600 VND, fluctuating at 8,000 - 8,200 VND; OM 380 rice is at 6,600 - 6,700 VND/kg; Nang Hoa 9 rice is at 9,200 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg.

In many localities today, new rice transactions have stalled due to the continuous fluctuations in rice prices. In Soc Trang, demand is low, many traders have abandoned their deposits. In Bac Lieu, the market is quiet, transactions have stalled, there are no new buyers. In Long An, the source is still low, transactions have stalled, prices have continued to decrease. In Dong Thap, farmers offer reduced prices but there are few buyers. In Soc Trang, transactions have stalled, there are few buyers.

Similarly, with rice, according to an update from the Department of Agriculture and Rural Development of An Giang province, the price of IR 504 raw rice fluctuates at 7,500-7,600 VND/kg; IR 504 finished rice decreased by 200 VND, fluctuating at 9,800-10,100 VND/kg.

With by-products, the prices of by-products and by-products of all kinds also decreased, fluctuating between 5,950 - 7,400 VND/kg. Currently, the price of fragrant rice bran decreased by 200 VND, fluctuating between 7,200 - 7,400 VND/kg; the price of dry bran decreased by 50 VND, fluctuating between 5,950 - 6,050 VND/kg.

Recorded in localities today, the volume is quite good, new transactions have decreased. In Lap Vo - Vam Cong (Dong Thap), transactions are weak, prices have decreased sharply, warehouses buy slowly, giving low prices for all types. In Sa Dec (Dong Thap), the volume is sporadic, warehouse prices have decreased slightly for all types.

Sa Dec market canal (Dong Thap), the quantity is low, the market rice warehouses buy slowly, the price of all kinds of rice decreases. At An Cu (Cai Be, Tien Giang), the quantity is sporadic, there are few buyers, the price of all kinds of rice decreases.

At retail markets, rice prices are relatively stable compared to yesterday. Regular rice fluctuates at 16,000 - 17,000 VND/kg. Currently, Nang Nhen rice has the highest listed price of 28,000 VND/kg; fragrant rice is offered at high prices ranging from 20,000 - 22,000 VND/kg; Jasmine rice is 18,000 - 20,000 VND/kg; Nang Hoa rice is 21,500 VND/kg; long-grain fragrant rice is 20,000 - 22,000 VND/kg; Huong Lai rice is 22,000 VND/kg; common white rice is 17,500 VND/kg; Taiwanese fragrant rice is 21,000 VND/kg; Soc regular rice is 18,500 VND/kg; Soc Thai rice is 21,000 VND/kg; Japanese rice is 22,500 VND/kg.

In the export market, Vietnam's rice export prices today decreased slightly compared to last weekend. According to the Vietnam Food Association (VFA), currently 5% standard rice is at 467 USD/ton; 25% broken rice is at 437 USD/ton; 100% broken rice is at 327 USD/ton.

Rice price list today January 7, 2025

Rice variety	Unit of measure	Trader's purchase price (VND)	Increase/decrease compared to yesterday (VND)
Fragrant Radio 8	Kg	8,000 – 8,200	-600
OM 18	Kg	8,000 – 8,200	-500
IR 504	Kg	7,200 – 7,400	-200
OM 5451	Kg	7,800 – 8,000	500
Flower 9	Kg	9,200	–
Japanese rice	Kg	7,800 – 8,000	–
OM 380	Kg	6,600 -6,700	–
Raw rice IR 504	Kg	7,500 – 7,600	–
Rice TP 504	Kg	9,800 – 10,100	-200