Rice prices today 22/6 in the Mekong Delta of Vietnam: Rice continues to increase

Rice prices today June 22 in the Mekong Delta adjusted to increase by 100 dong/kg with sticky rice. Currently, the domestic supply has dropped sharply, causing the price of rice to stay high.

Rice price today June 22 in the Mekong Delta region is adjusted to increase by 100 VND/kg with Long An Dried Sticky Rice. Accordingly, currently, dried Long An sticky rice is being purchased by traders at 7,900-8,200 VND/kg, an increase of 100 VND/kg.

For the rest of the categories, prices are flat. Accordingly, at An Giang warehouse, rice prices remained stable. Specifically, the price of OM 18 rice was purchased by traders for 6,800 VND/kg; OM 5451 rice price 6,300 – 6,500/kg. IR 50404 rice price ranges from 6,200 to 6,400 VND/kg. Nang Hoa 9 rice is purchased by traders with prices ranging from 6,600 to 6,800 VND/kg. The price of Taiwanese fragrant 8 rice ranges from 6,800 to 7,000 VND/kg. The price of Japanese rice ranges from 7,800 to 8,000 VND/kg. Nang Nhen rice (dry) is priced at 13,000 VND/kg; AG sticky rice (fresh) is priced at 6,200 VND/kg; Dried An Giang sticky rice fluctuates around 7,400-7,600 VND/kg.

For rice, the price of raw materials and finished products increased. Accordingly, the price of raw rice fluctuates around the milestone of 9,820 – 9,850 VND/kg, up 20 VND/kg; finished rice at 11,200-11,300 VND/kg, an increase of 50-100 VND/kg. For by-products, sheet price remained stable at 9,500 – 9,600 VND/kg. Meanwhile, the price of dried bran decreased by 50 VND/kg to 7,500-7,650 VND/kg.

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At the retail market, the price of rice remained stable, ordinary rice remained 11,500 – 12,500 VND/kg; Jasmine fragrant rice 15,000 – 16,000 VND/kg; Soc rice is usually 15,000 VND/kg; Sticky rice 16,000 – 18,000 VND/kg; Common white rice 14,500 VND/kg; Miss Hoa 18,500 VND/kg; Soc Thai 18,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Japanese rice 22,000 VND/kg; Bran 7,600 – 8,000 VND/kg; Long grain Thai fragrant rice maintains 18,000 – 19,000 VND/kg and Huong Lai 19,000 VND/kg.

According to traders in the Mekong Delta region, today the amount of raw rice has been low, the warehouses have bought hybrid rai. The rice market is stable, transactions are even.

In the rice export market, the export price of rice slowed down and moved sideways after an upward correction. Accordingly, the price of Vietnam’s 5% broken rice is being offered at 503 USD/ton; 25% broken rice at $483/ton; Jasmine rice 578 USD/ton.

Meanwhile, rice exports of the same type of Thailand, India and Pakistan increased by 2 USD, 5 USD and 10 USD/ton, respectively.

Mr. Phan Van Co, Marketing Director of VRICE Co., Ltd. analysis, currently, the price of Vietnamese rice is standing at a high level compared to other rice exporting countries because the previously signed contracts are still many but the amount of Dong Xuan rice has been reduced. dried up, forcing exporters to increase purchases of high-priced rice to fulfill signed contracts, while this year’s summer-autumn crop is forecast to be low.

Summer-autumn rice production is low due to the lack of water at the beginning of the crop and unfavorable weather conditions, leading to low yield and quality of rice, thereby making the rice recovery rate low. This makes the price of rice very high, while businesses need to buy rice to complete signed contracts. However, Mr. Phan Van Co is concerned that the high price of rice will make Vietnamese rice less competitive in the market.