Rice price today on August 12, 2023 in the Mekong Delta of Vietnam: Domestic rice prices continue to fall

Rice prices today on 12/8/2023 in the domestic market continued to decline. Rice market trade slowed down at the weekend.

Rice prices today on 12/8/2023 in the Mekong Delta region have no change. Accordingly, in An Giang, according to the update of the Department of Agriculture and Rural Development of An Giang province, the price of IR 504 rice is at 7,300 – 7,500 VND/kg; OM 18 at 7,800 – 8,000 VND/kg; Dai Thom 8 rice at 7,400 – 7,600 VND/kg; OM 5451 at 7,300 – 7,600 VND/kg; Miss Hoa 9 costs 7,200 – 7,600 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 6,700 – 7,000 VND/kg; price of fresh An Giang sticky rice at 6,300 – 6,600 VND/kg; AG (dry) sticky rice at 7,700 – 7,900 VND/kg; Long An sticky rice (dry) costs 7,700 – 7,900 VND/kg.

For rice, the price of raw rice in the morning of August 12 decreased by 100 VND/kg. Accordingly, the price of raw rice is at 12,100 – 12,200 VND/kg, down 100 VND/kg; The price of finished rice also decreased by 200 VND/kg to 14,100 VND/kg.

For by-products, the price of IR 504 sheet remained at 11,600 VND/kg; dry bran at 7,600 VND/kg.

On the domestic rice market, in An Giang, retail prices of rice remained stable. The price of common white rice is 15,500 VND/kg; Nang Hoa rice 19,000 VND/kg; Soc ordinary rice 16,000 VND/kg, Soc Thai 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg.

According to traders in the Mekong Delta, today, the amount of raw rice has arrived, the price continues to decrease compared to yesterday. Purchasing power of warehouses is slow. At the end of the week, the summer-autumn rice market was quiet. New transactions are few, traders stop buying and observe the market.

On the rice export market, according to the Vietnam Food Association, on August 11, Vietnam’s export price of rice increased by 20 USD/ton. Accordingly, the export price of 5% broken rice traded at 638 USD/ton; 25% broken rice at $618/ton – much higher than Thailand’s $587/ton.

Since India issued an export ban on rice, the domestic and export prices of Vietnamese rice have continuously increased sharply.

In the country, the price of summer-autumn rice has increased by 1,000 – 1,500 VND/kg, rice by 2,000 – 4,000 VND/kg. Facing the strong increase of rice, many businesses have temporarily stopped collecting goods and observing the market. Currently, rice exporters confirm that the domestic rice price is higher than the export price, so they are not in a hurry to sign new export contracts and temporarily suspend the purchase of rice, except for businesses that have signed export contracts before.