Rice prices today on 15/5: Rice prices remain high, the market is bustling

Rice prices in the Mekong Delta region were relatively stable on May 15th, with little change from the previous week. At An Giang warehouse, fragrant rice 8 was being purchased by traders at a price range of 6,800 – 7,000 VND/kg; OM 18 fluctuated around 6,600 – 6,800 VND/kg; IR 504 rice was being purchased at 6,200 – 6,400 VND/kg; OM 5451 rice was being sold at 6,300 – 6,400 VND/kg; Nang Hoa 9 was sold at 6,600 – 6,750 VND/kg; Japanese rice at 7,800 – 8,000 VND/kg; Long An dried glutinous rice at 8,600 – 8,800 VND/kg; An Giang dried glutinous rice fluctuated around 8,000 – 8,200 VND/kg and dried IR 504 rice remained at 6,500 VND/kg.

For raw rice, the price was maintained at 9,700 VND/kg, while processed rice remained at 11,300 VND/kg.

In terms of by-products, the prices were relatively stable, with IR 504 bran at 9,400 VND/kg and dry bran fluctuating around 7,350 – 7,450 VND/kg

Rice prices remain stable today.

At the retail market, rice prices remain stable after a correction session. Accordingly, regular rice is priced at 11,000 – 12,000 VND/kg; Jasmine fragrant rice at 14,000 – 15,000 VND/kg; regular Sóc rice at 15,000 VND/kg; glutinous rice at 16,000 – 18,000 VND/kg; Nàng Nhen rice at 22,000 VND/kg; common white rice at 14,500 VND/kg; Nàng Hoa rice at 18,500 VND/kg; Thai Sóc rice at 18,000 VND/kg; Taiwanese fragrant rice at 20,000 VND/kg; Japanese rice at 22,000 VND/kg; bran at 7,500 – 8,000 VND/kg; Thai long grain fragrant rice maintains at 18,000 – 19,000 VND/kg and Hương Lài rice at 19,000 VND/kg.

According to traders, the amount of raw rice coming to the market is low and rice ports are empty. The prices of various types of rice have not fluctuated much. The summer-autumn rice crop is stable, and prices depend on the time of harvest. The market is stable.

In terms of export market, according to the Vietnam Food Association, the export price of Vietnam’s 5% broken rice is at $488/ton; 25% broken rice at $468/ton; and Jasmine rice at $553-557/ton.

According to enterprises, the rice market is bustling with high prices due to high demand from traditional markets such as the Philippines, China, and potential markets like Chile and Singapore. Especially, the value of rice exports to the EU has recorded very good growth in many markets thanks to the export of high-quality fragrant rice and rice products with high added value.

According to preliminary data from the Vietnam Customs, in the first four months of 2023, Vietnam exported 2.89 million tons of rice with a total value of $1.52 billion, up 41% in volume and 52% in value compared to the same period in 2022. In April alone, Vietnam exported 1.04 million tons of rice, earning $545.85 million.

Mr. Huynh Van Khoi, Director of Dai Duong Xanh Import-Export Company, said that the company did not have enough rice for export, especially high-quality rice according to market standards. For example, in the EU market, the demand for high-quality rice is very high. Previously, Dai Duong Xanh Company exported to the EU only 1-2 containers/year (about 20 tons/container), but now it has increased to several thousand tons/year. However, according to Mr. Khoi, the demand of this market is still very high. “Previously, customers bought Vietnamese rice because of its low price, but now Vietnamese rice is chosen to buy because of its fragrance and quality,” Mr. Khoi said.

Rice price list on May 15, 2023.

Commodity	Unit	On field price
Đài thơm 8	kg	6.800 – 7.000	–
OM 18	Kg	6.600 – 6.800	–
Nàng hoa 9	Kg	6.600 – 6.750	–
IR 504	Kg	6.200 – 6.400	–
OM 5451	Kg	6.300 – 6.400	–
Nếp Long An (khô)	Kg	8.600 – 8.800	–
Nếp An Giang (khô)	Kg	8.000 – 8.200	–
Gạo nguyên liệu IR 504	Kg	9.600 – 9.850	–
Gạo thành phẩm IR 504	Kg	11.000 – 11.300	–
Tấm khô IR 504	kg	9.400	–
Cám khô IR 504	kg	7.350 – 7.450	–

Compiled by Nhat Thanh Rice