Rice price today June 30 in the Mekong Delta of Vietnam: Rice prices are stable, by-product prices are on the rise

Rice price today 30/6 in the domestic market continues to prosper when the price of rice tends to increase while the price of rice remains stable.

Rice prices today June 30, 2023 in the Mekong Delta region continued to stabilize, with prices of some by-products such as broken and bran increasing slightly.

Recorded at An Giang warehouse, today’s rice price continued to move sideways. Specifically, fresh IR 50404 rice is purchased by traders at 6,300 – 6,500 VND/kg. OM 5451 rice maintained at 6,300 – 6,500 VND/kg.

Radio aromatic 8 is stable at 6,800 – 7,000 VND/kg; Japanese rice in the range of 7,800 – 8,000 VND/kg; OM 18 price is 6,800 VND/kg; Nang Hoa 9 rice is about 6,600 – 6,800 VND/kg.

Long An sticky rice (dry) continued to be stable at 7,700 – 7,900 VND/kg. AG sticky rice (fresh) costs 6,200 VND/kg. Dried An Giang sticky rice fluctuates around 7,400-7,600 VND/kg. Nang Nhen rice (dry) is priced at 13,000 VND/kg.

In other localities in the region such as Long An, Can Tho, rice prices did not fluctuate much.

For raw rice and finished products, there is still a slight uptrend. Currently, the price of IR 504 HT raw rice fluctuates around 9,950-9,970 VND/kg. IR 504 finished rice at 11,250-11,300 VND/kg.

For by-products, currently IR 504 plate is offered for sale at 9,600 – 9,650 VND/kg, up 50 VND/kg and dried bran fluctuates around 7,500 – 7,600 VND/kg, up 100 VND/kg.

At the retail market, rice prices continued to move sideways. Currently Jasmine fragrant rice is 15,000 – 16,000 VND/kg; Soc rice is usually 15,000 VND/kg; Soc Thai 18,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Japanese rice 22,000 VND/kg; Bran 7,600 – 8,000 VND/kg; Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg and Huong Lai 19,000 VND/kg.

Rice usually hovers around 11,500 – 12,500 VND/kg. Sticky rice 16,000 – 18,000 VND/kg; Common white rice 14,500 VND/kg; Miss Hoa 18,500 VND/kg.

In the export market, export rice prices remained stable after a slight increase yesterday. Accordingly, the price of Vietnam’s 5% broken rice is being offered at 508 USD/ton; 25% broken rice was at $488/ton and Jasmine rice was stable at $578/ton.

For Thai rice, it is currently priced at the same price as Vietnam’s after an increase of 8 USD/ton in the offering yesterday. Accordingly, the country’s 5% broken rice is currently at 508 USD/ton; 25% broken rice 481 USD/ton.

Meanwhile, 5% broken rice of India and Pakistan, although only increased by 10 USD/ton in the latest trading session, was still much lower than that of Vietnam and Thailand. Specifically, India’s 5% ton rice is priced at $468/ton and Pakistan’s at $488/ton.

The above price shows that the competition among rice exporters is very fierce, forcing Vietnamese enterprises to have methodical strategies to maintain and keep market share.

In the context of increasing competition between exporting countries and the world’s rice trade facing many unpredictable developments, in order to produce rice close to the consumption needs of many countries in the world and suitable With the development orientation of Vietnam’s rice industry, at the end of May, the Prime Minister issued Decision 583/QD-TTg approving the Strategy to develop Vietnam’s rice export market until 2030.

Accordingly, shifting the structure of export rice varieties in the direction of keeping the proportion of high-grade white and long-grain rice at a reasonable level (about 15-20%), reducing the proportion of medium and low-grade rice, and increasing proportion of fragrant rice, parboiled rice, japonica rice, organic rice; diversifying products made from rice, rice with micronutrients, rice flour, cosmetics from rice…

At the same time, restructure the export market towards sustainability, effectively exploiting the rice import demand of key and traditional markets; focus on developing markets that have demand for importing high-quality, high-value rice and products that are deeply processed from rice.