Stable rice prices
According to the update of the Department of Agriculture and Rural Development of An Giang province, rice prices today remain stable. Specifically, the price of IR 504 rice is at 9,200 - 9,400 VND/kg; Dai Thom 8 rice remains around 9,800 - 10,000 VND/kg; OM 18 is at 9,800 - 10,000 VND/kg...
Recorded in the Mekong Delta provinces today, the rice market is quiet, new rice transactions are slow.
Meanwhile, rice prices of all kinds stagnated and remained stable after a sharp decline. Accordingly, at the market rice warehouses in An Cu, Cai Be (Tien Giang), the price of OM 18 and Dai Thom 8 raw rice was at 14,100 - 14,200 VND/kg; OM 5451 raw rice fluctuated around 13,700 - 13,800 VND/kg; ST 24 was at 18,500 - 18,700 VND/kg.
At large rice warehouses in Tien Giang, An Giang, Dong Thap, buying and selling transactions are sporadic. Some warehouses buy rice but only selectively and buy sparingly.
According to the reporter's records in Hanoi, the retail prices of rice at markets and supermarkets are still quite stable. Specifically, ST24 fragrant Cat Tuong rice costs 154,000 VND/5kg bag; ST25 Cat Tuong rice costs 189,900 VND/5kg bag; ST25 Bao Minh costs 138,900 VND/3kg bag; Go ST24 rice costs 150,000 VND/5kg bag.
The price of 2.5kg bag of Japanese AD rice is 85,5000 VND; 4kg bag of Nang Sen rice is 166,900 VND; 4kg bag of Nang San Lao Thai Tai Loc rice is 166,900 VND; 5kg bag of Nang Huong Kim Thien rice is 180,900 VND; premium Muong Chanh rice is 179,900 VND/5kg bag; and 5kg bag of Thom Bong Coconut rice is 111,900 VND/5kg bag.
In the export market, Vietnam's rice export prices remain stable. According to the Vietnam Food Association (VFA), the current price of 25% broken rice is at 617 USD/ton; 5% broken rice is at 652 USD/ton.
Favorable production situation
Sharing with Lao Dong reporter about the production situation in 2024, Mr. Nguyen Nhu Cuong - Director of the Department of Crop Production, Ministry of Agriculture and Rural Development - said that up to this point, production is quite favorable.
“Both the Red River Delta and the Mekong Delta have been producing quite well. Every year, flooding is not possible, but this year the flooding area is very large. There is no official schedule for water intake yet, but water is quite abundant in some provinces such as Nam Dinh and Ha Nam. Regarding the severe cold, the Central region has recently planted large rice seedlings, so there is no problem. People cover the newly planted rice seedlings with nylon.”
Commenting on 2024, the Director of the Department of Crop Production said: "Rice prices will remain high, but not as high as in 2023. Currently, the demand for rice imports from other countries is still large."
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