Rice prices today on September 14th, 2023 in the Mekong Delta of Vietnam: Continuing downtrend, market transactions are slow

Rice prices today, September 14, in the domestic market continue to decrease for rice. Market transactions are slow, traders rarely buy and observe the market.

Rice prices today, September 14, in the Mekong Delta region fluctuated between rice and rice products.

Specifically, at An Giang warehouse, according to the update of the Department of Agriculture and Rural Development of An Giang province on the morning of September 14, OM 18 rice is priced at 8,000 – 8,100 VND/kg, Dai Thom 8 is stable at 8,000 – 8,200 VND. VND/kg; OM 5451 has a price of 7,700 – 8,000 VND/kg; Miss Hoa 9 costs 8,000 – 8,400 VND/kg; IR 50404 rice is stable at 7,800 – 8,000 VND/kg; Japanese rice 7,800 – 8,000 VND/kg.

With sticky rice, dry An Giang sticky rice is at 9,200 – 9,400 VND/kg; Dry Long An sticky rice ranges from 9,300 – 9,450 VND/kg.

Regarding rice products, today’s rice price continues its downward trend. Accordingly, IR 504 raw rice fluctuates around 11.00 – 11.8070 VND/kg, down 100 VND/kg; IR 504 finished rice is at 13,650 – 13,750 VND/kg, down 50 VND/kg.

With by-products, by-product prices leveled off after a downward adjustment session. Accordingly, the price of IR 504 panels remains stable at 11,500 VND/kg, the price of dry bran remains stable at 7,100 – 7,200 VND/kg.

Recorded in the Mekong Delta region today, transactions of autumn-winter rice of all types are slow, rice prices of all types are stable. In the domestic rice market, rice prices of all types tend to decrease. In Dong Thap and An Giang, rice prices of all kinds decreased by 50 – 100 VND/kg.

At retail markets in An Giang province, rice prices are stable and do not fluctuate. Among them, sticky rice costs 16,000 – 20,000 VND/kg; Regular rice is priced at 12,500 – 14,000 VND/kg, Nang Nhen rice is priced at 23,000 VND/kg; long-grain fragrant rice ranges from 18,000 – 20,000 VND/kg; Jasmine fragrant rice at 16,000 – 18,500 VND/kg; Huong Lai 19,500 VND/kg; Common white rice 15,500 VND/kg; Nang Hoa 19,000 VND/kg; Soc rice usually costs 16,500 – 17,000 VND/kg; Soc Thai rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg…

According to the Vietnam Food Association (VFA), Vietnam’s export rice price was adjusted down by 15 USD/ton for both 5% and 25% broken types in the trading session on September 13. Specifically, the price of 5% broken rice is currently down to 613-617 USD/ton and 25% broken rice is now 598-602 USD/ton. Thus, after yesterday’s adjustment of 5 USD, rice prices suddenly dropped sharply.

While Vietnamese rice decreased, other sources including Thailand and Pakistan remained at the same price. In particular, Thailand’s 5% broken rice was at 613-617 USD/ton while 25% broken rice was recorded at 558-562 USD/ton; Similar prices for Pakistan are also 608-612 and 538-542 USD/ton, respectively. At current prices, Thai and Vietnamese rice are currently equal but still 5 USD/ton higher than Pakistani rice.

Forecasting rice prices in the near future, a business based in the city. Ho Chi Minh said that it is likely that the price of 5% broken rice will keep the price around 600 USD/ton, while Jasmine rice will be at 699-700 USD/ton.