Rice prices today on November 9th, 2023 in the Mekong Delta of Vietnam: Rice prices increase and decrease in opposite directions

Rice prices today, November 9, in the Mekong Delta remained stable. Meanwhile, prices of raw rice and finished products fluctuated in opposite directions.

Rice prices today, November 9, in the Mekong Delta region remained stable for rice products. Accordingly, in the An Giang area, updates from the Department of Agriculture and Rural Development of An Giang province show that Dai Thom 8 rice fluctuates around the mark of 9,000 – 9,100 VND/kg; OM 18 rice is at 9,000 – 9,200 VND/kg; Flower 9 fluctuates around the mark of 9,000 – 9,300 VND/kg; IR 504 rice remains stable at 8,800 – 8,900 VND/kg; OM 5451 ranges from 8,900 – 9,000 VND/kg; OM 380 fluctuates around 8,600 – 8,800 VND/kg;

With sticky rice, dry 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.

In the rice market, today rice prices fluctuate in opposite directions between raw rice and finished rice.

Accordingly, at export warehouses in Sa Dec (Dong Thap) and An Giang areas, some types of rice continue to increase. Specifically, IR 504 raw rice is at 12,950 – 13,050 VND/kg, an increase of 50 VND/kg; OM 5451 raw rice is at 13,150 – 13,250 VND/kg, an increase of 100 VND/kg; Raw rice OM 18, Dai Thom 8 fluctuated around 13,500 – 13,600 VND/kg, an increase of 100 VND/kg.

Rice prices today fluctuate in opposite directions

For the remaining categories, prices are flat. Accordingly, OM 380 raw rice fluctuates around 12,600 – 12,800 VND/kg; Raw rice ST 21 and ST 24 remain stable around the mark of 14,000 – 14,600 VND/kg.

While the price of raw rice increased, finished rice OM 5451 decreased by 150 – 200 VND/kg to 15,250 – 15,350 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 provinces today, autumn-winter rice prices are stable. Demand for rice does not fluctuate much. The trading market is stable.

In the rice market, raw rice prices increased slightly for many types of rice. In Tien Giang and Dong Thap, the rice source is small, the price depends on the quality of rice. The rice boats are beautiful, traders offer high prices.

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.

In 2023, the rice market has experienced many fluctuations. From August 2023 until now, the price of this item has always been on an increasing trend. Rising rice prices are often due to the impact of parties in the supply chain, leading to many difficulties in delivering goods to businesses. Because export contracts have a delivery time of 1 to 3 months.

Mr. Do Ha Nam, Vice Chairman of the Vietnam Food Association, said that the current sharp increase in Vietnamese rice prices has led to a number of cases where businesses, due to large losses, cancel contracts, especially units with high potential. weak economic strength. For large businesses, when delivery is almost completed, to maintain trust with partners, they are forced to buy rice at high prices to collect enough according to the contract. This is the main reason pushing rice prices higher.