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Rice price today October 30th, 2023 in the Mekong Delta of Vietnam: Supply decreased, prices increased simultaneously in the first session of the week
Rice prices today, October 30, in the Mekong Delta increased simultaneously in the first session of the week. Businesses have difficulty purchasing rice due to reduced supply.
Rice prices today, October 30, 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 is at 8,700 – 8,900 VND/kg; Astragalus 8 at 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; Nhen (dried) 15,000 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg.
For sticky rice products, Long An sticky rice (dried) is at 9,500 – 9,600 VND/kg; An Giang sticky rice (dried) is at 9,600 – 9,800 VND/kg.
On the rice market today, rice prices simultaneously increased from 150 – 200 VND/kg. Accordingly, in Dong Thap, the price of IR 504 raw rice fluctuates around 13,100 – 13,200 VND/kg, an increase of 150 VND/kg; OM 380 raw rice increased by 150 VND/kg to 13,000 – 13,100 VND/kg; OM 5451 raw rice increased by 200 VND/kg to 13,500 – 13,600 VND/kg; Taiwanese raw rice 8, OM 18 increased by 200 VND/kg to 13,700 – 13,800 VND/kg. Finished rice IR 504 is at 15,150 – 15,250 VND/kg.
Rice prices today increased simultaneously with rice
At the market rice channel, rice prices continue to increase today. Accordingly, in Tien Giang, the price of raw rice Dai Thom 8, OM 18 is at 14,200 – 14,300 VND/kg, an increase of 250 VND/kg; OM 5451 raw rice fluctuates around 13,800 – 13,900 VND/kg, an increase of 200 VND/kg; IR 504 rice is at 13,200 – 13,300 VND/kg, an increase of 100 VND/kg; OM 380 rice maintained around the mark of 13,100 – 13,200 VND/kg, an increase of 100 VND/kg; Raw rice ST 21, ST 24 increased by 100 VND/kg to 14,300 – 14,400 VND/kg; ST 24 rice is at 14,800 – 14,900 VND/kg.
For by-products, the price of by-products remains 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.
Recorded in the Mekong Delta region today, the price of Autumn-Winter rice continues to increase, rice farmers are offering prices 100 – 200 VND/kg higher than last weekend. There were few closed transactions due to fear of risk, many traders and customers stopped buying, waiting to cut the staked rice.
In the rice market, today the rice supply is low, rice prices of all types tend to increase compared to last weekend. Some warehouses stopped buying due to high prices.
In October 2023, domestic rice prices increased sharply thanks to high demand from warehouses while supply was limited. The source of Summer-Autumn rice is exhausted, and there is not much Autumn-Winter rice, causing warehouses to have to raise prices to buy goods.
According to businesses, rising rice prices make it difficult for them to purchase. Ms. Huynh Thi Bich Huyen – Director of Ngoc Quang Phat Import-Export Joint Stock Company said that rice prices have skyrocketed again but the collected output has decreased 2-3 times compared to before. At the beginning of the month, she purchased 1,000 tons every day, in the middle of the month only about 500 tons and now it is 100-200 tons. “Price increases every day, output is low so it is difficult to purchase,” Ms. Huyen added.
At retail markets, the price of Nang Hoa 9 rice is 19,500 VND/kg. Meanwhile, Nang Nhen rice went sideways and fluctuated around 26,000 VND/kg; Jasmine rice is stable at 16,000 – 18,500 VND/kg; Regular rice is usually priced at 12,000 – 14,000 VND/kg; Common 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.
Export businesses said that Vietnamese rice prices are “feverish” again due to increased demand in the world market. Among them, Vietnamese fragrant rice has increasingly superior quality and is highly appreciated, so countries around the world prefer it. In addition, Vietnam’s Fall-Winter crop yields are often much lower than other crops. Currently, the Fall-Winter harvest is at the end of the season, the amount of rice in the population is gradually decreasing, pushing up prices.
In the first 24 days of October 2023, Vietnamese rice deliveries to the Philippines tend to be more positive when achieving strong growth. As for the Chinese market, delivery volume is still low.