Rice prices today on October 21th, 2023 in the Mekong Delta of Vietnam: Export rice prices increased by 10 USD/ton

Rice prices today, October 21, leveled off and went sideways after an upward adjustment session. Rice market transactions are slow. Businesses stop buying and observe the market.

Rice prices today, October 21, 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, Dai Thom 8 rice is at 8,200 – 8,400 VND/kg; OM 18 fluctuates around 8,000 – 8,300 VND/kg; Nang Hoa 9 rice maintained at 8,500 – 8,800 VND/kg; IR 504 rice fluctuates around 8,000 – 8,200 VND/kg; OM 5451 rice ranges from 8,000 – 8,200 VND/kg; OM 18 rice is at 7,900 – 8,100 VND/kg; Nang Hoa 9 costs 8,200 – 8,300 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.
Regarding rice products, the price of raw rice and finished products today also did not change due to the weekend session.
Accordingly, at the export warehouse, the price of IR 504 raw rice in An Giang fluctuates around 13,000 – 13,050 VND/kg; OM 5451 raw rice at 13,200 – 13,300 VND/kg; Raw rice OM 18 and Dai Thom 8 also fluctuate around 13,450 – 13,550 VND/kg. Finished rice is priced at 15,100 – 15,200 VND/kg.
Giá lúa gạo hôm nay ngày 21/10: Giá gạo xuất khẩu tăng 10 USD/tấn
At the market rice channel, rice prices in Tien Giang and Dong Thap today are also flat compared to yesterday. Accordingly, in Tien Giang, the price of raw rice OM 18, Dai Thom 8 fluctuates around 13,900 – 14,100 VND/kg; OM 5451 raw rice at 13,600 – 13,800 VND/kg; IR 504 raw rice at 13,000 – 13,200 VND/kg; OM 380 raw rice maintained at 13,100 VND/kg.
For by-products, today’s by-product prices continue to increase for broken rice, while remaining stable for dry bran. Currently, the price of IR 504 panels increased by 100 VND/kg to 12,700 – 12,800 VND/kg; The price of dry bran remains stable at 7,100 – 7,250 VND/kg.
Recorded in the Mekong Delta region today, rice prices are at a high level. The Autumn-Winter rice market is quiet, transactions are slow.
In the rice market, the source of Autumn and Winter rice is small, trading is slow. Warehouses and factories offer high selling prices.
Last week, rice prices of all types increased sharply compared to the previous week. According to the Vietnam Food Association, the average price of regular rice in the field reached 8,300 VND/kg, an increase of nearly 200 VND/kg compared to last week. The average price of regular rice at the warehouse reached nearly 9,500 VND/kg, an increase of 125 VND/kg compared to last week.
For all types of rice, the adjustment increased by nearly 400 – 600 VND/kg. Specifically, grade 1 white milled rice increased by 575 VND/kg to 15,300 VND/kg; 5% broken rice increased by 500 VND/kg to 15,100 VND/kg; 15% broken raw rice at 14,800 VND/kg, an increase of 400 VND/kg; 25% broken raw rice is at 14,500, an increase of 400 VND/kg. Grade 1 brown rice alone increased by more than 600 VND/kg to 13,200 VND/kg.
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.
In the export market, Vietnam’s export rice price today continued to increase sharply by 10 USD/ton. According to the Vietnam Food Association (VFA), in the trading session on October 20, the export price of 5% broken rice was at 643 USD/ton; The price of 25% broken rice fluctuates stably around 628 USD/ton.
Due to the opposite direction compared to competitors, Vietnamese rice far exceeds the price of rice from Thailand and Pakistan. Specifically, Vietnam’s 5% broken rice exports are 73 USD/ton higher than Thai goods of the same type, 80 USD/ton higher than Pakistani goods; Our country’s 25% broken rice is also higher than competitors at 104 USD/ton and 145 USD/ton, respectively.
Explaining the reason for the sharp increase in rice prices, many businesses said that Indonesia – the third largest customer of Vietnamese rice – will import an additional 2 million tons of rice by 2024 to ensure this country’s rice reserves. .
Previously, Bulog was also assigned to import 1.5 million tons of rice in the last months of the year. Imports mainly from Vietnam and Thailand have continuously pushed up rice prices. From now until the end of the year, rice prices will hardly decrease, on the contrary, they will increase, but the increase will be more or less depending on the market situation.

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