Slight increase in rice and paddy products, quiet trading market

Rice prices today, October 22, in the Mekong Delta region increased for rice and paddy products. The trading market is quiet.

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price has been adjusted compared to yesterday, IR 50404 is priced at 6,800 - 7,000 VND/kg; Dai Thom 8 rice is priced at 7,800 - 8,000 VND/kg, OM 5451 rice is priced at 7,200 - 7,400 VND/kg, an increase of 100 VND/kg; OM 18 rice is priced at 7,500 - 7,800 VND/kg; OM 380 fluctuates at 7,200 - 7,300 VND/kg; Japanese rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

Rice price today October 22: Slight increase in rice and paddy products, quiet trading market

In localities such as Soc Trang and Dong Thap, transactions were slow and there were few buyers. In An Giang, there was a lot of bad rice, warehouses bought slowly, and prices decreased slightly. In Dong Thap, warehouses bought at lower prices, transactions were quiet and there were few buyers.

Besides, the glutinous rice market has not adjusted compared to yesterday. Long An IR 4625 glutinous rice (dry) 9,600 - 9,800 VND/kg is stable compared to yesterday. Long An 3-month glutinous rice (dry) 9,800 - 10,000 VND/kg is unchanged compared to yesterday.

In the rice market, rice prices have been adjusted compared to yesterday. Currently, the price of raw IR 504 Summer-Autumn rice has increased to 10,500 - 10,750 VND/kg, an increase of 50 VND/kg. Meanwhile, the price of finished IR 504 rice has increased to 12,650 - 12,800 VND/kg, an increase of 50 VND/kg.

For by-products, the price of by-products of all kinds fluctuates between 5,950 - 9,600 VND/kg. Currently, the price of OM 5451 broken rice is at 9,500 - 9,600 VND/kg, stable compared to yesterday; the price of dry bran is at 5,900 - 6,050 VND/kg, unchanged compared to yesterday.

At retail markets, rice prices have been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND28,000/kg; the price of common white rice today has been adjusted up by VND500/kg, at VND17,500/kg. However, the price of regular rice continues to be fixed at VND15,000 - 17,000/kg, fragrant rice at VND17,000 - 23,000/kg. Jasmine rice is VND18,000 - 20,000/kg; Nang Hoa rice is VND21,500/kg; regular rice fluctuates around VND15,000 - 16,000/kg; long-grain fragrant rice is VND20,000 - 22,000/kg; Huong Lai rice is VND23,000/kg; Taiwanese fragrant rice is VND21,000/kg; Soc rice is usually 18,500 VND/kg; Thai Soc rice is 21,000 VND/kg; Japanese rice is 22,000 VND/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 438 USD/ton, down 1 USD; 5% standard rice is at 534 USD/ton; 25% broken rice is at 506 USD/ton.

Indian rice export prices hovered near their lowest in more than a year despite a slight increase in demand, while Thai rates rose on steady demand from buyers.

As of October 18, the price of 5% broken parboiled rice from India, the world's top rice exporter, was offered at $490-$495 per tonne, the lowest since August 24, 2023, unchanged from the previous week.

Trading activity has been quiet this week as domestic supplies are running low, a trader in Ho Chi Minh City said. He said India’s easing of export restrictions has had some impact on the global market, but the impact on Vietnamese rice remains limited.

Meanwhile, traders said rice prices in Bangladesh continued to rise this week due to the impact of the flood situation.

*Information for reference only.

Source: https://congthuong.vn/gia-lua-gao-hom-nay-2210-tang-nhe-voi-mat-hang-lua-va-gao-thi-truong-giao-dich-tram-lang-353891.html