Vietnam: Rice prices today, May 16, are mixed

Rice prices today May 16: Rice prices fluctuate in opposite directions

Rice prices today 16/5 in the Mekong Delta anchor high. The rice market is stable, new rice transactions are regular.
Rice price today May 13: Rice price increased by 200-300 VND/kg Rice price today May 14 and last week’s summary: Rice price increased sharply by 400 VND/kg Rice price today 15/5: Rice price High anchor, vibrant market
Rice prices today 16/5 in the Mekong Delta tended to move sideways in the first session of the week. Accordingly, at An Giang warehouse, the price of Dai Thong 8 rice is being purchased by traders at 6,800 – 7,000 VND/kg; OM 18 fluctuates around 6,600 – 6,800 VND; IR 504 rice is being purchased by traders at 6,200 – 6,400 VND/kg; OM 5451 rice at 6,300 – 6,400 VND/kg; Miss Hoa 9 6,600 – 6,750 VND/kg; Japanese rice 7,800 – 8,000 VND/kg; Long An dry sticky rice is 8,600 – 8,800 VND/kg, An Giang dry sticky rice is priced at 8,000 – 8,200 VND/kg and IR 504 dry rice is maintained at 6,500 VND/kg.

With rice, the price of raw rice and finished products fluctuated in opposite directions. Accordingly, the price of raw rice increased by 50 VND/kg to 9,750 VND/kg; while the price of finished rice decreased by 100 VND/kg to 11,200 VND/kg.

With by-products, by-product prices remained stable. Accordingly, the current price of IR 504 plate is 9,400 VND/kg. Meanwhile, dry bran fluctuates around the mark of 7,350 – 7,450 VND/kg.

Rice prices today May 16: Rice prices fluctuate in opposite directions
The price of rice today adjusted in the opposite direction with rice
At the retail market, rice prices remained stable after the correction session. Accordingly, rice is usually 11,000 – 12,000 VND/kg; Jasmine fragrant rice 14,000 – 15,000 VND/kg; Soc rice is usually 15,000 VND/kg; intestinal sticky rice 16,000 – 18,000 VND/kg; Nang Nhen Rice 22,000 VND/kg; Common white rice 14,500 VND/kg; Miss Hoa 18,500 VND/kg; Soc Thai 18,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Japanese rice 22,000 VND/kg; Bran 7,500 – 8,000 VND/kg; Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg and Huong Lai 19,000 VND/kg.

According to traders, today the amount of raw rice has been low, the price of rice of all kinds is stable. Summer-autumn rice prices are relatively stable, new rice transactions are regular. Particularly, the price of fresh sticky rice decreased slightly.

In the 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; Jasmine rice at 553-557 USD/ton.

According to experts, in the last months of the year, food prices will continue to fluctuate due to climate change, risks from geopolitical conflicts, etc., causing countries to increase food reserves.

Meanwhile, the demand for rice imports in traditional markets of Vietnam such as the Philippines, China, Indonesia and African countries increased. In European countries, due to the war between Russia and Ukraine, the demand for food reserves increased, which is a factor that helps rice exporters benefit in the coming time.

In general, in terms of the rice export market this year, the supply side is lower than the demand, so the output is favorable, the problem of the rice industry this year is the production stage and production linkage so that there are varieties of rice suitable for the market. market demand…

The positive signals from the export market make farmers in the Mekong Delta provinces very excited when entering the production of the summer-autumn rice crop 2023. As of May 10, the whole An Giang province has sown seeds. 229/228 thousand hectares, reaching 100.16% of the plan, nearly 20 thousand hectares faster than the same period in 2022.

Rice price list today 16/5/2023

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