Stable trading market, export rice prices decrease

Rice prices today, October 24, in the Mekong Delta region continued to decline with rice. In the export market, Vietnamese rice prices fell sharply while those of Thailand and Pakistan remained stable.

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price has not 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; OM 18 rice is priced at 7,200 - 7,300 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 24, 2024: Stable trading market, export rice price decreases

In localities such as Soc Trang, Dong Thap, An Giang, transactions were slow and warehouses were slow to buy. In An Giang, many warehouses were slow to buy, with low volume and stable prices.

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 dropped to 10,500 - 10,600 VND/kg, down 100 VND/kg. Meanwhile, the price of finished IR 504 rice has dropped to 12,600 - 12,700 VND/kg, down 100 VND/kg.

For by-products, the prices of various by-products fluctuate between 5,900 - 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 - 6,000 VND/kg, unchanged compared to yesterday.

At retail markets, rice prices have been adjusted for individual rice items. 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 432 USD/ton, down 6 USD/ton; 5% standard rice is at 532 USD/ton, down 2 USD; 25% broken rice is at 504 USD/ton, down 2 USD/ton.