Rice price today 8/7/23 in the Mekong Delta of Vietnam: Contradictory movements

Rice prices today on July 8, 2023 in the domestic market adjusted in the opposite direction between raw rice and finished products. Stable trading market.

Rice price today 8/7/2023 in the Mekong Delta area adjusted down with IR 504 rice. Specifically, in An Giang, IR 504 rice price is being purchased by traders at 6,400 – 6,600 VND/ kg, reducing by 100 VND/kg.

With the remaining rice varieties, prices are flat. Currently, the price of Dai Thong 8 rice is at 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; 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.

With Glutinous rice, Glutinous rice AG (fresh) today 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 6,300 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.

Giá lúa gạo hôm nay ngày 8/7/2023: Biến động trái chiều

Similarly, with rice, the price of raw materials and finished products today fluctuated in opposite directions. Specifically, the price of IR 504 raw rice is being purchased at 10,100 – 10,150 VND/kg, down 50 VND/kg. Meanwhile, the price of finished rice increased by 100 VND/kg to 11,500 – 11,600 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 rice source is scattered. Demand for warehouses is high, but it is difficult to collect goods. Rice prices of all kinds continued to remain high.

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 7 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.

The Vietnam Food Association forecasts that rice exports are currently favorable, especially at the end of the year because major markets still buy strongly such as China, the Philippines, Malaysia… Typically, in the next few days, Indonesia will continue to open bids for 300,000 tons. and is expected to continue to open bids. This will make rice prices in other countries increase.

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