Today’s rice price on July 29, 2023 in the Mekong Delta of Vietnam: Rice increased by 100 VND/kg; many partners want to buy Vietnamese rice

Rice prices today on July 29, 2023 in the domestic market continued to increase with rice. Summer rice market collects high anchor prices.

Rice prices today on July 29, 2023 in the Mekong Delta region remained stable.

Accordingly, at An Giang warehouse, the price of rice OM 5451 is being purchased by traders in the field at 6,700 – 6,800 VND/kg; OM 18 rice 6,900 – 7,100 VND/kg; IR504 rice price is being purchased by traders at 6,700 – 6,900 VND/kg; Dai Thong 8 rice at 6,900 – 7,100 VND/kg; Miss Hoa 9 costs 6,600 – 6,800 VND/kg; Japanese rice is also stable at 7,800 – 8,000 VND/kg; Nang Nhen rice (dry) at 13,000 VND/kg.

With sticky rice, Long An sticky rice (fresh) at 6,300 – 6,600 VND/kg; An Giang sticky rice (fresh) 6,000 – 6,300 VND/kg; AG (dry) sticky rice at 7,400 – 7,600 VND/kg; Long An sticky rice (dry) costs 7,700 – 7,900 VND/kg.

For rice, the price of raw rice and finished products continued to increase. Accordingly, IR 504 raw rice is at 10,600 – 10,700 VND/kg, an increase of 100 VND/kg. Finished rice at 12,200 – 12,300 VND/kg, up 100 VND/kg

With by-products, the price of by-products also increased by 100 VND/kg. Specifically, the price of IR 504 plate fluctuates from 10,300 to 10,400 VND/kg, an increase of 100 VND/kg; dry bran price at 7,550 VND/kg, up 50 VND/kg

According to traders, the amount of rice today is still small, the price of rice of all kinds increased slightly. Summer-autumn rice market is active, prices continue to increase. Demand for rice from businesses is high.

At retail markets, the price of rice is usually 11,500 – 12,500 VND/kg; Intestinal sticky rice remained stable at 14,000 – 16,000 VND/kg. Nang Nhen rice is priced at 22,000 VND/kg. Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg; Jasmine fragrant rice costs 15,000 – 16,000 VND/kg.

Huong Lai rice costs 19,000 VND/kg; Common white rice costs 14,500 VND/kg; Nang Hoa rice costs 18,500 VND/kg; Soc rice usually fluctuates from 14,000 to 15,000 VND/kg.

Soc Thai rice stable price 18,000; Taiwanese fragrant rice costs 20,000 VND/kg; Japanese rice costs 22,000 VND/kg and bran remains at 8,500 – 9,000 VND/kg.

In the export market, the export price of Vietnamese rice remained stable. Specifically, 5% broken rice traded at 558 USD/ton; 25% broken rice at 538 USD/ton. This is the highest offering price offered by Vietnamese rice businesses since July 2021.

Nguyen Van Thanh, Chairman of the Board of Directors and General Director of Phuoc Thanh IV Production and Trading Co., Ltd., said that before the news that India banned rice exports, many businesses in the industry had temporarily stopped offering new contract prices to focus on taking care of previously signed contracts.

India’s move comes along with the recent limited world supply, so many customers have switched to ordering Vietnamese rice. However, according to Mr. Thanh, businesses are currently focusing on returning goods for signed orders. On the other hand, the purchase price of rice is increasing, so many businesses are afraid because the export price of rice has not kept up.