Rice prices today on October 13th, 2023 in the Mekong Delta of Vietnam: Traders stopped buying because rice prices were high

Rice prices today, October 13, in the domestic market leveled off and went sideways after an upward adjustment session. Market transactions are slow, many traders stop buying.

Rice prices today, October 13, in the Mekong Delta region leveled off and went sideways after an upward adjustment session.

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 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.

For sticky rice products, Long An sticky rice (dried) is at 9,200 – 9,400 VND/kg; An Giang sticky rice (dried) is at 9,000 – 9,200 VND/kg.

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

With by-products, by-product prices today also leveled off after an upward adjustment. Currently, the price of IR 504 panels remains at 12,200 – 12,300 VND/kg; The price of dry bran is at 7,000 – 7,100 VND/kg.

It was noted that in the Mekong Delta region today, farmers offered prices for Autumn-Winter rice of all types that tended to increase slightly. Traders buy very little due to high prices. Many traders stopped buying and observed the market.

In the rice market, rice resources today are few. Warehouses ask to buy again and again. The factory offers all kinds of white raw rice at high prices. Temporary trading. In Dong Thap, Tien Giang, An Giang, rice prices of all types are mostly stable compared to yesterday. Particularly, IR 504 raw rice continues to tend to increase slightly due to lack of resources.

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 12, the export price of 5% broken rice was at 618 USD/ton; The price of 25% broken rice fluctuates stably around 598 USD/ton.

While Vietnamese rice prices remained stable, Thai and Pakistani rice prices increased again after many sessions of decline. Accordingly, in the trading session on October 12, Thailand’s 5% broken rice increased by 3 USD/ton to 581 USD/ton, 25% broken rice also increased from 530 USD/ton to 533 USD/ton.

Similarly, Pakistani rice also increased by 15 USD/ton to 563 USD/ton with 5% broken rice and 483 USD/ton with 25% broken rice.