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 10/1/2024
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 VND28,000/kg. Other types of rice such as Jasmine, Nang Hoa, and regular rice were priced from VND15,000 to VND21,000/kg.
Rice price today 10/1/2024
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 a price of 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 current prices of by-products range from 5,950 to 10,000 VND/kg. Specifically, the price of OM 5451 panels 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, sticky rice prices remained unchanged from yesterday. Long An IR 4625 sticky rice (dried) was priced from VND9,500 to VND9,700 per kilogram, and Long An 3-month sticky rice (dried) was priced from VND9,800 to VND10,000 per kilogram.
Rice export price today
Vietnam's rice export prices remain unchanged, with 100% broken rice at $454/ton, 5% standard rice at $562/ton, and 25% broken rice at $532/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, with 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.
