Rice prices today on December 03, 2023 in the Mekong Delta of Vietnam: and summary of last week: Low source, high price, difficult for businesses to collect goods

Rice prices today, December 3, in the Mekong Delta region have not changed compared to yesterday. Rice market transactions are slow.

Rice prices today, December 3, in the Mekong Delta region continue to trend sideways. Specifically, with rice, in An Giang province, updates from the Department of Agriculture and Rural Development of this province show that prices of all types of rice generally remain stable.

Currently OM 5451 rice is at 9,000 – 9,200 VND/kg; IR 504 rice remains stable at 8,700 – 8,900 VND/kg; OM 18 rice is at 9,100 – 9,200 VND/kg; OM 18 rice is at 9,000 – 9,200 VND/kg; OM 380 fluctuates around 8,600 – 8,800 VND/kg; Dai Thom 8 rice fluctuates around 9,200 – 9,400 VND/kg; Flower 9 fluctuates around the mark of 9,100 – 9,200 VND/kg.

Similarly, dried An Giang sticky rice is stable around 9,400 – 9,800 VND/kg; Dry Long An sticky rice is priced at 9,400 – 9,800 VND/kg.

There are no changes in rice types today compared to yesterday. Accordingly, the price of OM 5451 Vietnamese raw rice continued to move sideways and fluctuated around 13,350-13,500 VND/kg; Finished rice OM 5451 maintained around 15,600-15,700 VND/kg.

As for by-products, today went sideways after yesterday’s upward adjustment. Currently, the price of OM 5451 plate remains at 11,700-11,800 VND/kg and dry bran is stable around 6,600-6,700 VND/kg.

Note that the rice market in the Mekong Delta region today traded slowly due to the weekend session. Along with that, the Fall-Winter season has ended, businesses are looking to buy but there is no product.

In Can Tho, white raw rice is asked to buy stably from warehouses. Fragrant rice sources such as OM 18 and OM 5451 are offered for sale in small quantities, and factories offer high prices. In Dong Thap, the rice supply today is low. Warehouses buy in slowly, choose rice and tend to suppress prices, only buying at low prices.

Over the past week, rice prices fluctuated little. In November, domestic rice prices increased and decreased alternately between weeks. However, the price increased compared to the general level in October. The rice price level in November was higher than in October.

At retail markets, today the price of Soc rice is usually at 19,000 VND/kg; Nang Hoa 9 rice at 19,500 VND/kg; Nhen rice fluctuates 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.

On the export market, Vietnam’s export rice prices stagnated and moved sideways after an upward adjustment session. Accordingly, the export price of 5% broken rice is at 663 USD/ton and the price of 25% broken rice fluctuates around 648 USD/ton.

Last week, Vietnam’s export rice price was adjusted to increase by 5 USD/ton compared to the previous week. In the Asian rice market, rice prices in all countries increased sharply.

To be able to take advantage of export opportunities in 2024, Mr. Pham Quang Dieu, Chief Economist of Vietnam Market Analysis and Forecasting Joint Stock Company (Agro Monitor), said that businesses must be extremely cautious when deciding intend to sign a long-distance delivery contract because of limited supply and difficult credit capital.

In case, banks can promote credit for the rice industry, businesses will benefit more in export business activities.