Rice price today October 1, 2024: Rice price slightly decreased
Rice price today October 1, 2024: Domestic rice prices have decreased by 100 - 300 VND/kg in recent days.
Rice price today October 1, 2024
In the Mekong Delta, rice prices are falling today. In Soc Trang and Dong Thap, there are few buyers and not many transactions. An Giang also recorded a similar situation with rice prices falling slightly.
The price of IR 504 Summer-Autumn raw rice is currently 10,200 - 10,300 VND/kg, down 250 - 300 VND compared to yesterday. The price of IR 504 finished rice has also decreased, currently at 12,600 - 12,800 VND/kg.
Meanwhile, at retail markets, rice prices remained unchanged. Nang Nhen rice had the highest price of 28,000 VND/kg. Other types of rice such as Jasmine, Nang Hoa, and regular rice were priced from 15,000 to 21,000 VND/kg.
Rice price today October 1, 2024
According to the latest information from the Department of Agriculture and Rural Development of An Giang province, rice prices today remain unchanged compared to yesterday.
Specifically, the price of IR 50404 rice ranges from 7,100 to 7,300 VND/kg.
Dai Thom 8 rice costs from 8,000 to 8,200 VND/kg.
OM 5451 rice is priced between 7,400 and 7,700 VND/kg.
OM 18 rice is sold at prices ranging from 7,500 to 7,800 VND/kg.
OM 380 rice price is stable at 7,300 VND/kg.
Japanese rice costs from 7,800 to 8,000 VND/kg.
The highest price of dried Nang Nhen rice is 20,000 VND/kg.
By-product price today 10/1/2024
The prices of by-products currently range from 5,950 to 10,000 VND/kg. Specifically, the price of OM 5451 broken rice has increased, ranging from 9,600 to 10,000 VND/kg, an increase of 300 VND.
The price of dry bran also increased slightly, with the new price ranging from 5,950 to 6,100 VND/kg, an increase of 50 VND.
Meanwhile, the price of sticky rice has not changed compared to yesterday. Long An IR 4625 sticky rice (dry) is priced from 9,500 to 9,700 VND/kg, and the price of 3-month Long An sticky rice (dry) is from 9,800 to 10,000 VND/kg.
Rice export price today
Vietnam's rice export prices remain unchanged, with 100% broken rice at $454 per ton, 5% standard rice at $562 per ton, and 25% broken rice at $532 per ton, according to the Vietnam Food Association (VFA).
In August 2024, Vietnam's rice exports increased by 13.3% in quantity and 12.9% in value compared to July, reaching 851,079 tons and 509.82 million USD, although the average price decreased slightly by 0.4% to 599 USD/ton.
Total rice exports in the first 8 months of 2024 increased by 5.8% in quantity, reaching 6.15 million tons; increased by 21.7% in value, reaching nearly 3.85 billion USD; and the average price increased by 15%, reaching 625.9 USD/ton compared to the same period in 2023.
The Philippines is the largest rice import market from Vietnam, accounting for 45.7% of the total quantity and 44.6% of the total value, with nearly 2.81 million tons and nearly 1.72 billion USD, priced at 611 USD/ton, up 19.7% in quantity, 39.8% in value and 16.7% in price compared to the first 8 months of 2023.
Indonesia was the second largest import market, with an increase of 27.3% in quantity and 54.4% in value, reaching 913,888 tons and 557.77 million USD, priced at 610.3 USD/ton, accounting for 14.9% of the total quantity and 14.5% of the total export value of Vietnam's rice.
Rice exports to Malaysia also increased sharply, up 112% in quantity and 152.9% in value, reaching 582,872 tons and 345.94 million USD, with an average price of 593.5 USD/ton, accounting for 9.5% of total quantity and 9% of total value.
