Rice prices today on November 4th, 2023 in the Mekong Delta of Vietnam: Rice price today November 4: Fluctuating from 8,800 – 9,000 VND/kg

Rice prices today, November 4, in the Mekong Delta remained stable. Rice prices fluctuate around 8,800 – 9,000 VND/kg. The trading market is more active.

Rice prices today, November 4, in the Mekong Delta region leveled off and went sideways after mixed increases and decreases.

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 8,700 – 8,800 VND/kg; OM 5451 rice is at 8,800 – 8,900 VND/kg; Long An sticky rice (dried) at 9,400 – 9,800 VND/kg; Dai Thom 8 rice is 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; An Giang sticky rice (dried) is at 9,600 – 9,800 VND/kg.

In the rice market today, rice prices tend to go sideways. Accordingly, at export warehouses in Dong Thap and An Giang, raw rice prices remain stable. Specifically, the price of OM 5451 raw rice ranges from 13,500 – 13,600 VND/kg; OM 380 raw rice at 13,000 – 13,050 VND/kg; IR 504 raw rice remains stable around 13,100 – 13,150 VND/kg. Meanwhile, the price of finished rice OM 5451 increased by 200 VND/kg to 15,650 – 15,750 VND/kg.

In the market rice channel, the price of raw rice OM 18 and Dai Thom 8 remains around the mark of 14,000 – 14,200 VND/kg; OM 5451 raw rice ranges from 13,700 – 13,800 VND/kg, IR 504 raw rice ranges from 13,200 – 13,300 VND/kg; OM 380 rice maintains around 13,100 – 13,200 VND/kg; Raw rice ST 21 and ST 24 maintain around the mark of 14,300 – 14,400 VND/kg.

With by-products today, the price of by-products does not fluctuate. Accordingly, the price of IR 504 panels is at 13,000 – 13,200 VND/kg; The price of dry bran remains stable at 7,500 – 7,600 VND/kg.

Recorded in the Mekong Delta region today, rice prices of all types have not fluctuated. The market traded slowly during the weekend session. Mr. Nguyen Viet Anh – General Director of Phuong Dong Food Company said that in recent days, rice prices have increased sharply, in many rice areas in Dong Thap, at one point the rice price increased to a record level of 9,400 VND/kg. People are happy but businesses are worried.

In the rice market, the rice source is stable. Trading transactions are more active because many warehouses need purchased goods. Market rice transactions are stable.

During the past week, rice prices fluctuated strongly as they continuously increased in the first sessions of the week. However, since the middle of the week, rice prices have leveled off and tend to decrease at the end of the week.

At retail markets, the price of Nang Hoa 9 rice is 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.

In the export market, Vietnam’s export rice prices today continue to trend sideways. According to the Vietnam Food Association (VFA), the current export price of 5% broken rice is at 653 USD/ton; The price of 25% broken rice fluctuates around 638 USD/ton.

According to Mr. Pham Quang Dieu – Chief Economist of AgroMonotor Company (rice market research expert), currently, Vietnamese rice prices are too high. Rice prices have increased but most Vietnamese rice cannot be sold. This is also a limitation that reduces the competitiveness of Vietnamese rice compared to other rice exporting countries.

Therefore, to be able to do better export business in 2024, businesses must be very cautious in deciding to sign long-distance contracts, because of limited supply, combined with difficult credit capital.