Rice prices today on September 25th, 2023 in the Mekong Delta of Vietnam: Continued upward momentum in the first trading session of the week

Rice prices today, September 25, in the domestic market were adjusted to increase for rice. The market is more active than last week, but few contracts were closed.

Rice prices today, September 25, in the Mekong Delta region were adjusted to increase for rice products, while remaining stable for rice.

Accordingly, with rice, in the An Giang area, according to updates from the Department of Agriculture and Rural Development of An Giang province, AG (dry) sticky rice is at 9,100 – 9,200 VND/kg; Long An sticky rice (dry) maintains 9,200 – 9,300 VND/kg; Fresh rice IR 50404 fluctuates between 7,600 – 7,800 VND/kg; Fresh Dai fragrant 8 rice 7,800 – 8,200 VND/kg; OM 5451 ranges from 7,700 – 7,800 VND/kg; OM 18 rice at 7,800 – 8,200 VND/kg; Nang Hoa 9 costs 8,200 – 8,400 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg; Nhen (dried) 15,000 VND/kg.

With rice products, rice prices continued to increase in the first session of the week. Specifically, the price of IR 504 raw rice fluctuates around 11,900-11,950 VND/kg, an increase of 100-150 VND/kg; IR 504 finished rice is at 13,900-13,950 VND/kg, an increase of 50-100 VND/kg.

Similarly, by-product prices also increased by 100 VND/kg with IR 504 panels, while remaining stable with dry bran. Accordingly, the price of IR 504 panels is at 11,900-12,000 VND/kg; The price of dry bran ranges from 6,400 – 6,600 VND/kg.

Recorded in the Mekong Delta region today, prices of Autumn-Winter rice of all types tend to increase. When trading new hybrid rice, traders buy in moderation, observing the market while buying. Particularly, the IR 504 Thu-Dong rice source is small, farmers offer high prices.

With the rice market, rice prices tend to increase. In Dong Thap and Tien Giang, prices of rice types such as OM 18 and IR 504 tend to increase slightly from 50 – 100 VND/kg. New transaction. Particularly in An Giang, sticky rice transactions are still quiet, rice prices are stable. Long An sticky rice prices decreased compared to last week.

At retail markets, the price of ordinary rice is usually 12,000 – 14,000 VND/kg; Common white rice 16,000 VND/kg; nang rice 23,000 VND/kg; long-grain fragrant rice 18,000 – 20,000 VND/kg; Jasmine fragrant rice 15,500 – 17,000 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 decreased to 613-617 USD/ton for 5% broken rice – according to the Vietnam Food Association (VFA), this price decreased slightly by 5 USD/ton compared to the trading session. September 19. The price of 25% broken rice also remained at 603-607 USD/ton.

Many businesses said that although rice prices have decreased by about 10% compared to previous times, this is still good for farmers and ensures a stable export volume. In the long term, this is a sign of establishing a new price milestone for Vietnamese rice in the international market.

Since the end of July 2023, when India banned rice exports, world rice prices have been adjusted to increase continuously. Increasing prices too quickly leads to broken supply chains from farmers to traders, milling factories and rice exporters. This causes export enterprises to have difficulty mobilizing goods sources to carry out signed contracts and incur losses when “domestic prices are higher than foreign prices”. Therefore, when export rice prices decreased, domestic prices began to become more stable, creating more favorable conditions for businesses in purchasing and exporting.