Rice prices today May 22 in the Mekong Delta of Vietnam: Low supply, exciting market at the beginning of the week

Rice prices today 22/5 in the Mekong Delta remained stable. Currently, domestic supply is dwindling while demand remains high.

Rice prices today 22/5 in the Mekong Delta region remained stable compared to yesterday. Accordingly, at An Giang warehouse, the price of An Giang sticky rice is being purchased by traders at 8,200-8,400 VND/kg; rice OM 5451 6,400 – 6,500 VND/kg; Lady Hoa 8 at 6,600 -6,800 VND/kg; The price of Dai Thom 8 rice is being purchased by traders at 6,800 – 7,000 VND/kg; OM 18 fluctuates around 6,600 – 6,800 VND; IR 504 rice is being purchased by traders at 6,200 – 6,400 VND/kg; Japanese rice 7,800 – 8,000 VND/kg; Long An dry sticky rice is 8,600 – 8,800 VND/kg, and IR 504 dry rice is maintained at 6,500 VND/kg.

With rice, the price of raw materials and finished products remained stable. Specifically, the price of raw rice stood at 9,800 VND/kg; finished rice 11,100 VND/kg.

For by-products, the price of IR 504 plate is stable at 9,400 VND/kg, dried bran fluctuates around 7,450 – 7,550 VND/kg.

At the retail market, rice prices remained stable after the correction session. Accordingly, rice is usually 11,000 – 12,000 VND/kg; Jasmine fragrant rice 14,000 – 15,000 VND/kg; Soc rice is usually 15,000 VND/kg; intestinal sticky rice 16,000 – 18,000 VND/kg; Nang Nhen Rice 22,000 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 7,500 – 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, today the amount of raw rice has been low, the price of rice of all kinds is stable. Summer-autumn rice prices are relatively stable, new rice transactions are regular.

In the export market, according to the Vietnam Food Association, the export price of Vietnam’s 5% broken rice is at $488/ton; 25% broken rice at $468/ton; Jasmine rice is at 553-557 USD/ton.

Many businesses said that the domestic supply is dwindling, while the demand is still high. Output from other rice-producing countries, including Myanmar and Pakistan, will be lower this year.

In the Mekong Delta, farmers in some provinces have started sowing summer-autumn crops. Accordingly, in Kien Giang province, by the end of May 16, the locality had sown 170,000 ha/279,000 ha, accounting for 60.9% of the plan. Concentrated in the districts of Giang Thanh, Giong Rieng, Chau Thanh, Tan Hiep, Hon Dat, Go Quao, Kien Luong and Rach Gia. In An Giang, up to now, the whole province has sown 229/228 thousand hectares, reaching 100.16% of the plan, nearly 20 thousand hectares faster than the same period in 2022.