Domestic rice prices inched up, export rice prices remained unchanged

Rice prices in the Mekong Delta region last week increased, while Vietnam’s 5% broken rice price from 650-655 USD/ton remained unchanged compared to last week.

Rice prices in the Mekong Delta region last week increased, while export prices of 5% broken rice remained unchanged compared to last week, from 650-655 USD/ton.
In An Giang, according to updates from the Provincial Department of Agriculture and Rural Development, the price of many types of rice has increased by 200-300 VND/kg such as Dai Thom 8 from 9,000-9,200 VND/kg, IR 50404 from 8,800- 9,000 VND/kg increased by 200 VND/kg; Hoa 9 price ranges from 9,100-9,300 VND/kg, an increase of 300 VND/kg; OM 5451 from 8,900-9,000 VND/kg, increased 100 VND/kg; OM 18 at 8,900-9,200 VND/kg also increased 200 VND/kg; Japanese rice is still stable at 7,800-8,000 VND/kg.
Kho gạo của Công ty TNHH Dương Vũ tại ấp Bình Cang, xã Bình Thành, huyện Thủ Thừa (Long An). (Ảnh: Hồng Đạt/TTXVN)
With sticky rice, dry An Giang sticky rice and dried Long An sticky rice both range from 9,400-9,800 VND/kg.
For rice products on the retail market in An Giang, rice is usually priced from 15,000-16,500 VND/kg; long-grain fragrant rice from 18,000-20,000 VND/kg; Jasmine rice from 18,000-20,00 VND/kg; Common white rice 17,000 VND/kg, Nang Hoa rice 19,500 VND/kg…
Currently, Tien Giang has completely harvested 100% of the Summer-Autumn rice area. In this case, farmers won the crop, won the price, and had a bumper harvest. The average yield reached 56.1 tons/hectare and output was over 383,000 tons of commodity rice.
In the Summer-Autumn crop of 2023, traders buy fresh rice from farmers at prices ranging from 7,500-8,000 VND/kg, 900-2,400 VND/kg higher than the previous year’s Summer-Autumn crop.
After deducting costs, farmers still have a profit of 25-30 million VND/ha/crop, the highest ever.
According to the Ministry of Agriculture and Rural Development, by early November, the Southern provinces had harvested 347,668 hectares of Fall-Winter rice – Season 2023, accounting for 38.9% of the planted area.
Winter-Spring 2023-2024 rice has been sown on 203,000 hectares, reaching 19% of the plan, mainly in the provinces: Binh Duong, Ho Chi Minh City, Long An, Dong Thap, An Giang, Tien Giang, Vinh Long , Tra Vinh, Soc Trang, Bac Lieu, Ca Mau…
On rice plants in the tillering-flowering stage, leaf blast, bacterial leaf blight, panicle collar blast, and grain stippling cause common mild-moderate damage, and locally severe damage on the rice plants. Fields planted with infected seeds, sown thickly, and over-fertilized with nitrogen fertilizer. There are also yellow apple snails, brown planthoppers, rats… which are harmful.
The agricultural sector recommends that localities closely monitor pests to take timely prevention measures to avoid affecting productivity.
Regarding exports, Vietnam’s 5% broken rice price is from 650-655 USD/ton, unchanged from last week.
According to traders, in Vietnam’s Mekong Delta, farmers have started cultivating the Winter-Spring crop and harvesting activities will peak in February 2024.
Meanwhile, the price of Thailand’s 5% broken rice increased to reach 562-570 USD/ton from 562 USD/ton last week.
A Bangkok-based trader attributed the price increase to strong demand as the end of the year approaches, with more orders coming from Asian countries.
A trader from Bangkok said: “Demand from Indonesia and the Philippines is quite strong, while orders from Africa are still low due to high prices. A sizable new supply will appear in mid-November because of favorable weather.”
The price of 5% broken parboiled rice from India – the world’s leading rice exporter – is reported at 490-500 USD/ton, unchanged from last week.
Weak demand in the context of increased supply from the new crop puts pressure on prices of this commodity.
An exporter based in Kakinada, Andhra Pradesh state (Southern India), said demand remained slow due to recent price corrections and buyers were cautiously assessing future price trends.
Last month, India extended the 20% export tax on parboiled rice until March 2024.
India’s rice output is expected to fall this year for the first time in eight years, raising the prospect that the government will extend export restrictions to control food prices ahead of elections.

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