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Rice prices today on October 26th, 2023 in the Mekong Delta of Vietnam: Rice prices leveled off, rice prices increased again
Rice price today October 26, 2023 While rice price tends to go sideways, rice price increases from 50-100 VND/kg. Rice market transactions are slow due to high prices and traders are concerned about risks.
Rice prices today, October 26, in the Mekong Delta region leveled off and went sideways after an upward adjustment session.
In the An Giang area, according to updates from the Department of Agriculture and Rural Development of An Giang province, Dai Thom 8 rice is at 8,600 – 8,800 VND/kg; OM 18 fluctuates around 8,500 – 8,800 VND/kg; Nang Hoa 9 rice maintained at 8,800-9,000 VND/kg; IR 504 rice fluctuates around 8,400 – 8,800 VND/kg; OM 5451 rice ranges from 8,400 – 8,800 VND/kg; OM 18 rice at 8,500 – 8,800 VND/kg; Nhen (dried) 15,000 VND/kg; Japanese rice is stable at 7,800 – 8,000 VND/kg.
For sticky rice products, Long An sticky rice (dried) is at 9,500 – 9,600 VND/kg; An Giang sticky rice (dried) is at 9,600 – 9,800 VND/kg.
It was noted that in the Mekong Delta region today, the price of Autumn-Winter rice continues to stay at a high level, farmers do not accept lower prices. New purchases are slow, traders are concerned about risks when rice prices are high.
In the rice market today, rice prices rebounded after 2 sessions of decline. Accordingly, at export warehouses, prices of raw rice increased by 50 – 100 VND/kg compared to yesterday. Specifically, in Dong Thap, the price of raw rice OM 5451 increased by 50 VND/kg to 13,000 – 13,100 VND/kg; IR 504 raw rice increased by 100 VND/kg to 12,800 – 12,900 VND/kg; OM 380 rice ranges from 12,750 – 12,800 VND/kg, an increase of 100 VND/kg.
In An Giang, IR 504 raw rice increased by 50 VND/kg to 12,900 VND/kg; OM 5451 rice increased by 100 VND/kg to 12,950 – 13,100 VND/kg.
At the market rice channel, rice prices in Tien Giang and Dong Thap today also increased by 50 – 100 VND/kg. Accordingly, in Tien Giang, the price of IR 504 raw rice increased by 100 VND/kg to 13,000 – 13,100 VND/kg; OM 380 raw rice increased by 50 VND/kg to 12,900 – 13,000 VND/kg.
For the remaining rice types, prices remain stable. Accordingly, the price of raw rice OM 18 and Dai Thom 8 fluctuates around 13,500 – 13,700 VND/kg; raw rice OM 5451 13,200 – 13,400 VND/kg; ST 21 raw rice at 13,800 – 14,000 VND/kg; ST 24 rice fluctuates around 14,200 – 14,300 VND/kg.
Similarly, by-product prices are also moving sideways, currently the price of IR 504 panels is at 12,700 – 12,800 VND/kg; The price of dry bran remains stable at 7,100 – 7,250 VND/kg. In general, the rice supply is low today, and the price of all types of rice has increased again. Demand for purchases from warehouses is steady, but transactions are few due to the factory’s limited supply of goods. Sticky rice trading is slow.
At retail markets, the price of Nang Hoa 9 rice increased by 500 VND/kg to 19,500 VND/kg. Meanwhile, Nang Nhen rice went sideways and fluctuated around 26,000 VND/kg; Jasmine rice is stable at 16,000 – 18,500 VND/kg; Regular rice is usually priced at 12,000 – 14,000 VND/kg; Common white rice 16,000 VND/kg; long-grain fragrant rice 18,000 – 20,000 VND/kg; Huong Lai rice 19,500 VND/kg; Squirrel rice usually costs 16,000 – 17,000 VND/kg; Thai squirrel rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg.
In the export market, Vietnam’s export rice prices went sideways. According to the Vietnam Food Association (VFA), the current export price of 5% broken rice is at 643 USD/ton; The price of 25% broken rice fluctuates stably around 628 USD/ton.