Rice price today 4/7/23 in the Mekong Delta of Vietnam: Rice price increased by 100-200 VND/kg; Exciting trading

Rice price today on 4/7/2023 in the domestic market adjusted to increase from 100-200 VND/kg. The summer-autumn rice market is active, with high anchor prices.

Rice prices today 4/7/2023 in the Mekong Delta region increased with some varieties of rice. Accordingly, in An Giang, the price of OM 5451 and OM 18 rice is adjusted to increase from 100-200 VND/kg.

Specifically, at An Giang warehouse, the price of OM 5451 rice is at 6,400 – 6,600 VND/kg, an increase of 100 VND/kg; OM 18 rice costs 6,600 – 6,800 VND/kg, an increase of 200 VND/kg.

For the rest of the categories, prices are flat. Currently, AG (fresh) Glutinous Rice is bought by traders at the field stably in the range of 5,700 – 5,900 VND/kg; Long An sticky rice (fresh) ranges from 6,200 to 6,400 VND/kg; AG (dry) glutinous rice at 7,400 – 7,600 VND/kg; Long An sticky rice (dry) costs 7,700 – 7,900 VND/kg.

Nông dân Khmer tỉnh Hậu Giang thu hoạch lúa.

IR 50404 rice in the range of 6,300 – 6,600 VND/kg; Dai Dai fragrant rice 8 price 6,900 – 7,000 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.

According to traders, now rice is cut head and mid-July, farmers offer a lot. Traders buy higher prices; active trading market. Currently, there are many beautiful types of rice in Hong Ngu and Tan Hong areas (Dong Thap), traders accept to buy at 6,800 – 6,900 VND/kg.

Similarly, for rice, the price of raw rice was adjusted to increase by 50 VND/kg, while the finished rice remained stable. Specifically, the price of IR 504 raw rice is being purchased at 10,000 – 10,050 VND/kg, an increase of 50 VND/kg. Finished rice remained at 11,400 VND/kg

For by-products, also maintained at 9,600 – 9,700 VND/kg with IR 504 plate and 7,600 – 7,700 VND/kg with dried bran.

Meanwhile, at retail markets, rice prices have not been adjusted. Specifically, intestinal sticky rice remains stable at 14,000 – 16,000 VND/kg. Rice usually costs 11,000 – 12,000 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 remained stable at 508 USD/ton for 5% broken rice; 25% broken rice was at $488/ton and Jasmine rice was stable at $578/ton.

According to businesses, in June 2023, the domestic rice price adjusted slightly at the end of the month. Rice prices anchored at a high level.

It is forecasted that in the last months of the year and into 2024, the demand for rice consumption and import of many countries will continue to increase. To take advantage of opportunities to increase exports to this market, businesses need to continue to closely follow market developments related to rice trade, and at the same time actively coordinate with Government agencies, ministries, branches, related associations to promptly remove difficulties and obstacles arising in trade activities and participate in activities to promote rice exports.

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