Rice price today 14/7/23 in the Mekong Delta of Vietnam: Rice price increased by 500 VND/kg; India considers banning rice exports

The price of rice today on July 14, 2023 in the domestic market is adjusted to increase from 50 to 500 VND/kg. The demand to buy rice is high, the price increases

The price of rice today on July 14, 2023 in the Mekong Delta region is adjusted to increase from 50 to 500 VND/kg. Accordingly, the price of summer-autumn rice increased by 100 VND/kg, while the price of rice increased from 50 to 500 VND/kg.

Specifically, at An Giang warehouse, the price of IR 504 rice is being purchased by traders at 6,600 – 6,800 VND/kg, an increase of 100 VND/kg.

With the remaining rice varieties, prices are stable. Currently, Dai fragrant 8 rice fluctuates around the mark of 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 6,400 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 rice and finished products increased again after a downward correction. Specifically, the price of IR 504 raw rice is being purchased at 10,000 – 10,050, an increase of 100 VND/kg; price of finished rice at 11,350 – 11,400 VND/kg, up 50 VND/kg.

For by-products, the price of IR 504 sheet is at 9,600 – 9,700 VND/kg; dry bran 7,400 – 7,500 VND/kg, down 50 VND/kg.

According to traders, currently the amount of rice is stable, the price of rice is stable, the demand for buying is high. The rice transaction has just slowed down, the traders have slowed down. The demand to buy rice is high, the price of rice rebounded.

At retail markets, the price of rice is usually adjusted to increase by 500 VND/kg to 11,500 – 12,500 VND/kg.

The remaining rice prices remained stable. Specifically, intestinal sticky rice remains 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, export rice prices remained stable compared to the previous session. Specifically, 5% broken rice traded at 513 USD/ton; 25% broken rice was at $493/ton and Jasmine rice was stable at $578/ton.

Recently, India – the world’s largest rice exporter is considering an export ban for most rice products. Accordingly, the Indian government is discussing a plan to ban the export of all rice except basmati. The ban will affect about 80% of India’s rice exports. While the move could lower domestic prices, it risks pushing up already expensive global costs even further.

Information that India banned rice exports caused rice prices to continue to be pushed up. On July 12, the price of Thai rice was adjusted to increase by 4-5 USD/ton to 515 USD/ton for 5% broken rice, 483 USD/ton for 25% broken rice, 435 USD/ton for 100% broken rice. .

Many businesses forecast that Vietnam’s rice price may stay at a high level thanks to demand from markets and information on India’s ban on rice exports. In the first 6 months of 2023, the country’s rice exports reached nearly 4.24 million tons, equivalent to nearly 2.26 billion USD, up 21.3% in volume, 32.2% in turnover compared to 6 months. In 2022, the average price will reach 532.6 USD/ton, up 9%.