Today’s rice price on July 31, 2023 in the Mekong Delta of Vietnam: Summer-autumn rice prices continue to increase

Rice prices today on July 31, 2023 in the domestic market anchored high after many sessions of upward correction. It is expected that domestic and export rice prices will continue to increase.

Rice prices today on July 31, 2023 in the Mekong Delta region remained stable.

Accordingly, at An Giang warehouse, now all kinds of fresh rice have increased by 100-200 VND/kg compared to the previous week. Specifically, 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 prices of raw materials and finished products are flat. Accordingly, IR 504 raw rice is at 10,700 – 10,850 VND/kg. Finished rice is at 12,400 – 12,500 VND/kg.

With by-products, by-product prices remained stable. Specifically, the price of IR 504 plate remained at 10,300 – 10,400 VND/kg; dry bran price at 7,600 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 this time, people in the provinces and cities of the Mekong Delta are harvesting the end of the summer-autumn rice crop in 2023. People are very excited when the rice is in season and the price is good. Compared with the same period last year, the price of rice has increased by 1,000 VND/kg, which has made many households happy when removing the gauze for the summer-autumn crop last year.

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 price since 2011.

Recently, both the UAE and Russia recently announced to stop selling rice abroad, just a week after a similar ban from India.

This ban could put pressure on global prices as countries fear El Nino destroys crops. Prices of many other major grains are also soaring due to the Russia-Ukraine tension. India currently restricts wheat and sugar exports.

Many businesses believe that Vietnam’s rice exports will benefit in terms of prices when countries continuously introduce bans on rice exports.

Domestically, according to the Ministry of Agriculture and Rural Development, the summer-autumn rice of 2023 in the South has sown 1,556,660 hectares, 0.6% higher than the plan. By July 20, localities had harvested over 564,500 hectares, accounting for 36.27% of the cultivated area. The remaining area is mainly in the ripening, flowering and larval stage.

In addition, the localities have sown nearly 287,900 ha of Autumn-Winter and Seasonal rice; concentrated in the provinces: Dong Thap, Long An, Can Tho, Kien Giang, Vinh Long, Hau Giang, Soc Trang, Ba Ria – Vung Tau…