Rice price today September 24 and summary of last week: Long decrease during the week, increase at the end of the week

Rice prices today, September 24, in the domestic market are stable. This week, rice prices are adjusted to decrease in the middle of the week, and the weekend tends to increase.

Rice prices today, September 24, in the Mekong Delta region tend to be stable for both paddy and rice products.

Among them, with rice, in the An Giang area, according to updates from the Department of Agriculture and Rural Development of An Giang province, AG (dry) sticky rice is at 9,100 – 9,200 VND/kg; Long An sticky rice (dry) maintains 9,200 – 9,300 VND/kg; Fresh rice IR 50404 fluctuates between 7,600 – 7,800 VND/kg; Fresh Dai fragrant 8 rice 7,800 – 8,200 VND/kg; OM 5451 ranges from 7,700 – 7,800 VND/kg; OM 18 rice at 7,800 – 8,200 VND/kg; Nang Hoa 9 costs 8,200 – 8,400 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg; Nhen (dried) 15,000 VND/kg.

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This week, rice prices decreased in the first and middle days of the week with a decrease of 100-200 VND/kg. Thus, after days of strong price increases, recently domestic rice prices have tended to decrease, but still maintain high prices in a direction that is more beneficial for farmers.

Typically in Can Tho, according to Can Tho City’s agricultural sector, farmers are currently harvesting Fall-Winter rice in full bloom, with an estimated yield of 5.3-5.5 tons/ha, higher than 0.58 quintals/hectare. hectares compared to the same period in 2022. The selling price of rice ranges from 7,800-8,500 VND/kg of fresh rice depending on the type, farmers have earned from 18-20 million VND/ha – the highest level ever.

For rice products, this week recorded a high increase in price at the beginning of the week and a sharp decrease in the middle of the week, increasing again at the end of the week. However, compared to the beginning of the week, the current price of rice is still nearly 200% lower. VND/kg.

Specifically, the price of IR 504 raw rice fluctuates around 11,750-11,850; IR 504 finished rice is at 13,800-13,900 VND/kg. Similarly, by-product prices are also stable. Accordingly, the price of IR 504 panels is at 11,800-11,900 VND/kg; The price of dry bran ranges from 6,400 – 6,600 VND/kg.

At retail markets, the price of ordinary rice is usually 12,000 – 14,000 VND/kg; Common white rice 16,000 VND/kg; nang rice 23,000 VND/kg; long-grain fragrant rice 18,000 – 20,000 VND/kg; Jasmine fragrant rice 15,500 – 17,000 VND/kg; Huong Lai rice 19,500 VND/kg; Nang Hoa rice 19,000 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.

On the export market, export rice prices decreased to 613-617 USD/ton for 5% broken rice – according to the Vietnam Food Association (VFA), this price decreased slightly by 5 USD/ton compared to the trading session. September 19. The price of 25% broken rice also remained at 603-607 USD/ton with no increase or decrease adjustment during the week.

According to traders, export rice prices this week are lower than recent highs due to buyers delaying to wait for cheaper prices. However, tight supply and strong demand from other buyers will keep prices from falling further.

With current market developments, the Import-Export Department (Ministry of Industry and Trade) forecasts that export rice prices from now until the end of the year will remain high due to the demand for rice imports from consuming markets. remains large (Philippines, China, Indonesia, Malaysia and Africa) while rice supply from the world’s leading rice exporting countries such as India and Pakistan is still limited.

 

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