Rice prices today on September 2nd, 2023 in the Mekong Delta of Vietnam: Sources are low, traders buy at high prices

Rice prices today, September 2, in the domestic market extended the sideways trend. Currently, Summer-Autumn rice fields are running out, traders are buying at high prices.

Rice prices today, September 2, in the Mekong Delta region continue to trend sideways due to traders and warehouses celebrating the National Day holiday of September 2.

Specifically, at An Giang warehouse, according to updates from the Department of Agriculture and Rural Development of An Giang province, Dai Thom 8 rice is stable at 8,000 – 8,200 VND/kg; OM 18 rice fluctuates around 8,000 – 8,200 VND/kg; Miss Hoa 9 costs 8,000 – 8,400 VND/kg; IR 50404 rice is stable at 7,800 – 8,000 VND/kg; OM 5451 rice price is 7,800 – 8,000 VND/kg; Japanese rice 7,800 – 8,000 VND/kg.

Similarly, AG sticky rice (fresh) costs 6,300 – 6,400 VND/kg; Long An sticky rice (fresh) ranges from 7,200 – 7,500 VND/kg.

Regarding rice products, today rice prices leveled off and went sideways after a downward adjustment session. Accordingly, IR 504 raw rice is stable at 12,300 – 12,350 VND/kg; IR 504 finished rice maintained around 14,300 – 14,400 VND/kg.

With by-products, the by-product prices do not change. Accordingly, the price of IR 504 sheet fluctuates from 11,900 to 12,000 VND/kg; The price of dry bran remains stable at 7,300-7,400 VND/kg.

According to traders, the amount of rice arriving today is small. Rice market transactions slow down because during the holiday season, warehouses stop buying.

From the beginning of August until now, the prices of summer-autumn and autumn-winter rice have been purchased at a high level by traders, helping local people to be excited. Mr. Nguyen Van Thanh (Cau Ke district, Tra Vinh province) said that currently, the price of rice is about 1,350 -1,400 VND/kg higher than that of the winter-spring crop, and rice fields in the pre-ripening stage are sold by traders. deposit. Currently, the situation of rice lying in the field is no longer and the harvest progress is very fast due to the increased demand for rice collectors.

At retail markets in An Giang province, rice prices are stable and do not fluctuate. Among them, sticky rice costs 16,000 – 20,000 VND/kg; Regular rice is priced at 12,500 – 14,000 VND/kg, Nang Nhen rice is priced at 23,000 VND/kg; long grain fragrant rice ranges from 18,000 – 20,000 VND/kg; Jasmine fragrant rice at 16,000 – 18,500 VND/kg; Huong Lai 19,500 VND/kg; Common white rice 15,500 VND/kg; Nang Hoa 19,000 VND/kg; Soc rice usually costs 16,500 – 17,000 VND/kg; Soc Thai rice 18,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Japanese rice 22,000 VND/kg…

In the rice export market, according to the Vietnam Food Association (VFA) on August 29, the export price of rice remained stable around 628-643 USD/ton. Accordingly, the export price of 5% broken rice is at $643/ton, and 25% broken rice is at $628/ton.

According to Vietnam’s Ministry of Agriculture and Rural Development, in August, the volume of rice exports was estimated at 950,000 tons with a value of 553 million USD. Accumulated in the first 8 months of the year, Vietnam has exported 5.85 million tons of rice, equivalent to a value of 3.17 billion USD, an increase of 22% in volume and an increase of 36.1% in value compared to the same period in 2022. .

Vietnam’s export of 5% broken rice remains at around 630 – 640 USD/ton, 100 USD higher than the average level in July. The average export price of rice in the first 8 months of 2023 is estimated at 542 USD/ton, increased by 11.5% over the same period in 2022.