Rice prices today on September 8th, 2023 in the Mekong Delta of Vietnam: Quiet for the fourth consecutive day

According to the survey, rice prices today (September 8) continue to be stable. According to forecasts of the Vietnam Food Association, the rice consumption market will continue to increase and this is truly a “golden opportunity” for rice export businesses.

Rice price today
In An Giang, rice prices today (September 8) recorded no new fluctuations.

Accordingly, IR 50404 rice is priced between 7,750 – 8,000 VND/kg. OM 5451 rice is purchased by traders at a price of 7,750 – 8,100 VND/kg. Japanese rice costs 7,800 – 8,000 VND/kg. Dai fragrant 8 rice is priced between 8,000 – 8,200 VND/kg. The price of OM 18 rice ranges from 8,000 – 8,200 VND/kg. Nang Hoa 9 rice is priced between 8,000 – 8,400 VND/kg. The price of Nang Nhen rice (dry) is 15,000 VND/kg. The price of rice IR 50404 (dry) was recorded as having stopped surveying for many consecutive days.

Sticky rice prices continue to be stable. Currently, the price of Long An sticky rice (dried) is in the range of 9,300 – 9,400 VND/kg. AG (dried) sticky rice is purchased at prices ranging from 9,300 – 9,400 VND/kg. AG sticky rice (fresh) and Long An sticky rice (fresh) temporarily stopped surveying. Meanwhile, the price of sticky rice ranges from 16,000 – 21,000 VND/kg.

According to records at An Giang market, rice prices have not had any new adjustments. Specifically, the price of rice is usually between 13,000 – 14,000 VND/kg. The common price of white rice is 15,500 VND/kg. The price of Soc rice is usually still sold at 16,500 – 17,000 VND/kg. The price of Jasmine fragrant rice ranges from 16,000 – 18,500 VND/kg. Huong Lai rice costs 19,500 VND/kg. Soc Thai rice price is maintained at 18,500 VND/kg. Nang Hoa rice’s selling price is maintained at 19,000 VND/kg. Long-grain fragrant rice costs between 18,000 – 20,000 VND/kg. The price of Taiwanese fragrant rice is 21,000 VND/kg. Japanese rice is sold for 22,000 VND/kg. Nang Nhen rice is priced at 23,000 VND/kg.

Bran continues to be sold at prices ranging from 8,500 – 9,000 VND/kg.

Bac Lieu: Many rice exporters suffer heavy losses
With the current high price of rice, many people think that rice exporting businesses have made big profits. However, for businesses operating in the field of purchasing and supplying rice for export in the province, it is a worry and in fact many businesses have suffered heavy losses, according to Bac Lieu newspaper.

According to businesses, most of the long-standing rice supply contracts were signed in the early part of 2023 and almost no one predicted that rice prices would increase dramatically. Therefore, rice consumption contracts between businesses and farmers only stop at 6,500 VND/kg, but when rice prices fluctuate, pushing the rice purchasing price to 8,000 VND/kg, almost all farmers want to break the contract. break commitments signed with businesses.

In many places, farmers have sold rice to outside traders and accepted to violate commitments in off-take contracts built according to the “closed chain” model previously signed with businesses. Therefore, to have rice to supply to foreign partners, businesses must accept to buy rice at market prices, higher than 1,000 VND/kg to pay for contracts.