Rice price today 7/7/23 in the Mekong Delta of Vietnam: Export price of rice increased by 5 USD/ton

The price of rice today on 7/7/2023 in the domestic market continued to increase from 50-100 VND/kg. Meanwhile, the export price of rice increased by 5 USD/ton.

Rice prices today 7/7/2023 in the Mekong Delta region continue to increase. Accordingly, the price of rice and rice is adjusted to increase from 50-100 VND/kg.

Specifically, in An Giang, the price of Dai fragrant 8 rice was adjusted to increase by 100 VND/kg to 6,900 – 7,100 VND/kg.

With the remaining rice varieties, anchor prices are high. Currently, IR 504 rice is being purchased by traders at the field at 6,400 – 6,700 VND/kg; OM 5451 rice ranges from 6,400 to 6,600 VND/kg; OM 18 rice is priced at 6,600 – 6,800 VND/kg, IR 50404 rice is 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.

For glutinous rice, AG (fresh) rice is bought by traders in the field at a stable level of 5,700 – 5,900 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.

Giá lúa gạo hôm nay ngày 7/7/2023: Giá gạo xuất khẩu tăng 5 USD/tấn

Similarly, with rice, the price of raw rice and finished products increased by 50 VND/kg. Specifically, the price of IR 504 raw rice is being purchased at 10,150 – 10,200 VND/kg, an increase of 50 VND/kg. Finished rice increased by 50 VND/kg to 11,500 VND/kg.

For by-products, the price of IR 504 sheet remained stable at 9,600 – 9,700 VND/kg; dried bran 7,600 – 7,700 VND/kg.

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 fragrant rice maintained 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.

According to traders, today the price of rice increased, the warehouse purchases slowed down. New rice transaction is stable, rice quality is improved. In some areas of Hau Giang, Kien Giang, Dong Thap, rice is about to be harvested a lot, farmers offer a lot. With rice harvested in the second half of July in Kien Giang, Long An, farmers gradually offered to sell at a price of 6,400 – 6,500 VND/kg.

In the export market, the export price of rice adjusted up. According to the Vietnam Food Association, the export price of Vietnam’s rice on July 5 was adjusted to increase by 5 USD/ton. Specifically, 5% broken rice traded at 513 USD/ton; 25% broken rice was at $493/ton and Jasmine rice was stable at $578/ton.

Along with Vietnamese rice, Thai and Indian rice prices also adjusted up. Accordingly, Thailand’s 5% broken rice increased by 4 USD/ton to 512 USD/ton, 25% broken rice at 482 USD/ton; 100% broken rice was at $435/ton, up $4/ton. For Indian rice, the adjusted rice price increased by 10 USD/ton.

In the last 5 years, rice exports have maintained a volume of over 6 million tons/year and tended to grow over the years, with an export value of over 3 billion USD per year. The first 6 months of 2023 reached 4.3 million tons and 2.3 billion USD, up 22% in volume and 35% in value over the same period in 2022.

Ms. Bui Thi Thanh Tam, Vice President of the Vietnam Food Association – said that many large markets are expected to continue to increase purchases such as Indonesia, the Philippines, Malaysia and Africa. The current price is already high, the future forecast will be even higher.

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