Rice price today October 29 and summary of last week: Rice price increased 400 – 600 VND/kg

Rice prices today, October 29, in the Mekong Delta leveled off and went sideways after an upward adjustment session. Over the past week, rice prices have continuously increased.

Rice prices today, October 29, in the Mekong Delta region stagnated after an upward adjustment session.

Accordingly, in the An Giang area, according to updates from the Department of Agriculture and Rural Development of An Giang province, IR 504 rice fluctuates around 8,600 – 8,800 VND/kg; OM 5451 rice at 8,700 – 8,900 VND/kg; Astragalus 8 costs 8,900 – 9,000 VND/kg; OM 18 fluctuates around 8,700 – 8,800 VND/kg; Nang Hoa 9 rice maintained at 8,800-9,000 VND/kg; Nem (dried) 15,000 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg.

For Long An sticky rice and sticky rice products (dried) at 9,500 – 9,600 VND/kg; An Giang sticky rice (dried) costs 9,600 – 9,800 VND/kg.

On the rice market today, rice prices also leveled off and went sideways after an upward adjustment session. Accordingly, in Dong Thap, the price of IR 504 raw rice fluctuates around 13,000 – 13,050 VND/kg, IR 504 finished rice is at 15,150 – 15,250 VND/kg.

At the rice market channel, rice prices today also leveled off. Accordingly, in Tien Giang, the price of raw rice Dai Thom 8, OM 18 is at 13,800 – 14,000 VND/kg; OM 5451 raw rice fluctuates around 13,500 – 13,700 VND/kg; IR 504 rice at 13,100 – 13,200 VND/kg; OM 380 rice maintained at 13,000 – 13,100 VND/kg; Raw rice ST 21, ST 24 remained stable around 14,200 – 14,300 VND/kg; ST 24 rice is at 14,700 – 14,800 VND/kg.

For by-products, by-product prices remain stable, currently the price of IR 504 panels is at 12,900 – 13,000 VND/kg; The price of dry bran remains stable at 7,400 – 7,550 VND/kg.

Notably, in the Mekong Delta region, on weekends, farmers’ rice prices tend to increase. Very few deals are closed. Last week, the price of rice of all kinds increased by 400 – 600 VND/kg compared to the previous week.

In the rice market, prices of raw rice and finished products increased slightly, warehouses required frequent purchases but transactions were few. During the week, the rice market continuously adjusted to increase sharply.

Explaining the cause of this situation, many businesses said that Indonesia continues to open bids for 550,000 tons of rice. Meanwhile, the yield of the Fall-Winter crop decreased, affecting supply. This has caused rice prices to continuously increase in recent days.

At retail markets, the price of Nang Hoa 9 rice is 19,500 VND/kg. Meanwhile, Nang Nhen rice went sideways, fluctuating around 26,000 VND/kg; Jasmine rice is stable at 16,000 – 18,500 VND/kg; Regular rice usually costs 12,000 – 14,000 VND/kg; Regular white rice 16,000 VND/kg; long grain fragrant rice 18,000 – 20,000 VND/kg; Huong Lai Rice 19,500 VND/kg; Squirrel rice usually costs 16,000 – 17,000 VND/kg; Thai squirrel rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg.

In the export market, Vietnam’s export rice prices went sideways. According to the Vietnam Food Association (VFA), the current export price of 5% broken rice is at 643 USD/ton; The price of 25% broken rice fluctuates stably around 628 USD/ton.

According to the Vietnam Food Association, Vietnam’s rice export potential is still very large when the Philippines needs to import an additional 1.1 million tons, and Indonesia needs to import an additional 2.3 million tons of rice. Along with that, the demand for rice imports from China is also expected to increase in the last months of the year.

Mr. Nguyen Van Don, Director of Viet Hung Co., Ltd. acknowledged that if India still maintains the rice ban until the first half of 2024, Vietnam’s rice export price will continue to be high and not less than 650 USD/year. . ton.