Rice prices today on October 12th, 2023 in the Mekong Delta of Vietnam: Prices increase, traders and businesses ask to buy more

Today’s rice price on October 12 in the domestic market was adjusted to increase from 100 – 200 VND/kg for paddy and rice. Traders and businesses ask to buy a lot.

Rice prices today, October 12, in the Mekong Delta region increased with Long An sticky rice.

In the An Giang area, according to an update from the Department of Agriculture and Rural Development of An Giang province on the morning of October 12, Long An sticky rice (dried) increased by 200 VND/kg to 9,200 – 9,400 VND/kg.

For the remaining rice varieties, prices went sideways. Accordingly, IR 504 rice fluctuates around 7,900 – 8,100 VND/kg; OM 5451 rice ranges from 7,800 – 8,000 VND/kg; OM 18 rice is at 7,900 – 8,100 VND/kg; Nang Hoa 9 costs 8,200 – 8,300 VND/kg; Fresh fragrant 8 leaves 7,800 – 8,100 VND/kg; Nhen (dried) 15,000 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg; AG sticky rice (dried) at 9,000 – 9,200 VND/kg

For rice products, prices of raw rice and finished products increased compared to yesterday. Accordingly, the price of IR 504 raw rice fluctuates around 12,350 – 12,450 VND/kg, an increase of 50 VND/kg; IR 504 finished rice fluctuates around 14,400 – 14,500 VND/kg, an increase of 100 VND/kg.

Giá lúa gạo hôm nay ngày 12/10: Giá tăng, thương lái và doanh nghiệp hỏi mua nhiều

With by-products, by-product prices today also tend to increase. Currently, the price of IR 504 panels remains at 12,200 – 12,300 VND/kg, an increase of 100 VND/kg; Dry bran price is at 7,000 – 7,100 VND/kg, an increase of 50 VND/kg.

It was noted that in the Mekong Delta region today, traders and businesses asked to buy a lot. However, it is difficult to find rice sources. Not many closed transactions.

In the rice market, the price of OM 18, OM 380, Dai Thom 8… rice tends to increase by 50 – 100 VND/kg. In An Giang, warehouse demand slowed down, purchasing power was weaker than yesterday morning. Many warehouses do not buy due to high prices. In Tien Giang, rice sources are few, market transactions are slow. Prices of raw rice of all types are stable. Particularly in Dong Thap, the price of Japonica rice increased by 100 VND/kg compared to yesterday.

At retail markets, the price of Nhen rice 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; 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 today stagnated and moved sideways compared to yesterday. According to the Vietnam Food Association (VFA), in the trading session on October 10, the export price of 5% broken rice was at 618 USD/ton; The price of 25% broken rice fluctuates stably around 598 USD/ton.

Many export businesses said that the demand for rice in the market is still high, however, the domestic rice source is not much due to the end of the season, so businesses do not dare to sign new contracts if they are not prepared. source.

With India still having no plans to lift the ban on exporting broken rice or removing the 20% tax on white rice exports, while the war between Russia and Ukraine and the conflict in the Middle East are developing unpredictably, Rice prices are forecast to remain high and even increase in the last months of this year.

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