Today’s rice price on July 19, 2023 in the Mekong Delta of Vietnam: The price of export rice increased sharply by 10 USD/ton

Rice prices today on July 19, 2023 in the domestic market continued to increase. In the export market, the price of rice also increased by 10 USD/ton.

Rice prices today on July 19, 2023 in the Mekong Delta region remained stable with rice prices. Accordingly, at An Giang warehouse, the price of IR 504 summer-autumn rice crop is being purchased by traders at 6,600 – 6,800 VND/kg, Dai fragrant 8 rice fluctuates around 6,900 – 7,100 VND/kg; OM 5451 rice ranges from 6,400 to 6,600 VND/kg; OM 18 rice price 6,600 – 6,800 VND/kg; Miss Hoa 9 costs 6,600 – 6,800 VND/kg; Japanese rice is also stable at 7,800 – 8,000 VND/kg; Nang Nhen rice (dry) at 13,000 VND/kg.

With sticky rice, An Giang (fresh) is being purchased by traders at 5,800 – 6,000 VND/kg; Long An sticky rice (fresh) ranges from 6,300 to 6,500 VND/kg; AG (dry) sticky rice at 7,400 – 7,600 VND/kg; Long An sticky rice (dry) costs 7,700 – 7,900 VND/kg.

For rice, the price of raw materials and finished products increased. Accordingly, IR 504 raw rice is at 10,250 – 10,300 VND/kg, an increase of 50 VND/kg. Similarly, finished rice is at 11,600 – 11,700 VND/kg, an increase of 150 VND/kg.

For by-products, the price of IR 504 sheet ranges from 9,700 to 9,800 VND/kg. Meanwhile, the price of dried bran decreased by 50 VND/kg to 7,300 VND/kg.

According to traders, now the amount of rice is small, the price of rice has increased. Demand and purchasing power are good. The rice market trades slowly, the price of all kinds of rice increases, the source is more than before.

At retail markets, the price of rice is usually 11,500 – 12,500 VND/kg; Intestinal sticky rice remained stable at 14,000 – 16,000 VND/kg. Nang Nhen rice is priced at 22,000 VND/kg. Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg; Jasmine fragrant rice costs 15,000 – 16,000 VND/kg.

Huong Lai rice costs 19,000 VND/kg; Common white rice costs 14,500 VND/kg; Nang Hoa rice costs 18,500 VND/kg; Soc rice usually fluctuates from 14,000 to 15,000 VND/kg.

Soc Thai rice stable price 18,000; Taiwanese fragrant rice costs 20,000 VND/kg; Japanese rice costs 22,000 VND/kg and bran remains at 8,500 – 9,000 VND/kg.

In the export market, the export price of rice was adjusted to increase by 10 USD/ton. Specifically, 5% broken rice traded at 528 USD/ton; 25% broken rice at 508 USD/ton.

Thus, the export price of Vietnam’s rice has had 2 consecutive increases with a strong increase of 15 USD/ton.

According to businesses, the price of Vietnamese rice is continuing to maintain its upward momentum in the context of high demand for Vietnamese rice. Many countries around the world are actively purchasing rice to ensure food security when the El Nino phenomenon is forecast to negatively affect agricultural farming activities globally.

Information about India considering banning rice exports is being closely watched by businesses. Because India currently accounts for 40% of total global rice exports. If India’s rice export ban is passed, the world rice price will increase significantly. At the same time, creating conditions for other rice exporting countries such as Vietnam and Thailand to increase their market share.