Vietnam: Rice prices today, May 6th: The market is lively, prices are slightly increasing

Rice prices today, May 6th in the Mekong Delta region have increased for many types of rice and paddy. The market is quite active.

In An Giang warehouse, fragrant rice variety Dai Thom 8 is being purchased by traders at 6,600 – 6,800 VND/kg, an increase of 50 VND/kg. Similarly, OM 5451 rice increased by 100 VND/kg to 6,400 – 6,500 VND/kg.

For other rice varieties, prices remain stable. Currently, IR 504 rice is being purchased by traders at 6,200 – 6,400 VND/kg; OM 18 rice is being purchased at 6,400 – 6,500 VND/kg; Nang Hoa 9 rice at 6,600 – 6,750 VND/kg; Japanese rice at 7,800 – 8,000 VND/kg; Long An dried glutinous rice at 8,600 – 8,800 VND/kg, An Giang dried glutinous rice fluctuates between 8,000 – 8,200 VND/kg and IR 504 dried rice remains at 6,500 VND/kg

For rice products, the price adjustment trend is contradictory as raw rice materials increase while the price of finished rice tends to remain stable. The price of raw rice material is at 9,750 VND/kg, up 50 VND/kg, while the price of finished rice remains stable around 10,850 – 10,950 VND/kg.

Rice prices today, May 6th in the Mekong Delta region have increased for many types of rice and paddy. The market is quite active.

For by-products, prices remain stable. IR 504 husks are priced at 9,200 VND/kg, while dry bran fluctuates around 7,350 – 7,450 VND/kg

At retail markets, rice prices have remained stable after a correction session. Regular rice is priced at 11,000-12,000 VND/kg; Jasmine rice is priced at 14,000-15,000 VND/kg; Sóc rice is priced at 15,000 VND/kg; glutinous rice is priced at 16,000-18,000 VND/kg; Nàng Nhen rice is priced at 22,000 VND/kg; regular white rice is priced at 14,500 VND/kg; Nàng Hoa rice is priced at 18,500 VND/kg; Sóc Thai rice is priced at 18,000 VND/kg; Taiwanese fragrant rice is priced at 20,000 VND/kg; Japanese rice is priced at 22,000 VND/kg; bran is priced at 7,500-8,000 VND/kg; Thai fragrant rice with long grains is priced at 18,000-19,000 VND/kg, and Hương Lài rice is priced at 19,000 VND/kg.

According to businesses, the amount of raw rice entering the market today is low, and rice prices are stable. The Long An glutinous rice market is stable, but demand for glutinous rice is slow. Trading in dry rice is slow at the end of the week, and demand for it remains stable. Traders are proactively offering more dry rice for sale before the holiday.

Many businesses believe that the world rice market is open, creating excitement in the Mekong Delta rice market. In the last winter-spring crop, farmers in the Mekong Delta sold rice at prices ranging from 5,500 to 8,000 VND/kg, the most stable and highest prices in the past 10 years. There are still over 20 days until farmers in the Mekong Delta harvest early autumn rice. However, in some localities, traders have already placed deposits to buy rice.

According to the Vietnam Food Association, Vietnam’s 5% broken rice for export is priced at around 483-487 USD/ton; 25% broken rice is priced at 463 USD/ton; and Jasmine rice is priced at 553-557 USD/ton.

This information is provided by Gạo Nhật Thành.