Rice price today October 10, 2024: Rice price decreases, paddy price remains stable
Rice price today October 10, 2024: Domestic rice price has decreased by 50 - 100 VND/kg, rice price remains stable. Exported rice price remains high
Rice price today October 10, 2024
The price of IR 504 Summer-Autumn raw rice is currently 10,500 - 10,600 VND/kg, a slight decrease compared to before. The price of IR 504 finished rice is 12,600 - 12,800 VND/kg, also a decrease of 100 VND/kg.
Compared to yesterday, the price of IR 504 Summer-Autumn raw rice has not changed much, still at 10,500 - 10,600 VND/kg.
Other types of rice at retail markets keep stable prices:
Nang Nhen Rice: 28,000 VND/kg.
Jasmine rice: 18,000 - 20,000 VND/kg.
Nang Hoa rice: 20,000 VND/kg.
Regular rice: 15,000 - 16,000 VND/kg.
Long grain Thai fragrant rice: 20,000 - 22,000 VND/kg.
Jasmine rice: 22,000 VND/kg, down 100 VND/kg.
Taiwanese fragrant rice: 21,000 VND/kg.
Regular white rice: 17,000 VND/kg.
Regular Soc rice: 18,000 - 18,500 VND/kg.
Soc Thai rice: 21,000 VND/kg.
Japanese rice: 22,000 VND/kg.
Rice price today October 10, 2024
In Kien Giang, rice trading is taking place vigorously. In Hau Giang, the autumn-winter rice market is stable, but not much fluctuation.
A report from the Department of Agriculture and Rural Development of An Giang province said that rice prices today remained unchanged compared to the previous day.
Specifically, the price of IR 50404 rice is from 6,900 to 7,000 VND/kg.
Dai Thom 8 rice costs between 7,800 and 8,000 VND/kg.
OM 5451 rice costs from 7,200 to 7,400 VND/kg.
OM 18 rice is sold at prices ranging from 7,500 to 7,800 VND/kg.
OM 380 rice costs from 7,200 to 7,300 VND/kg.
Japanese rice price remains stable from 7,800 to 8,000 VND/kg.
Dried Nang Nhen rice is sold at a high price, 20,000 VND/kg.
By-product price today 10/10/2024
The current prices of by-products range from 6,000 to 9,600 VND/kg.
Specifically, the price of OM 5451 broken rice is from 9,500 to 9,600 VND/kg, while the price of dry bran is from 6,000 to 6,100 VND/kg, an increase of 50 VND/kg.
The glutinous rice market also witnessed a slight increase in prices. Long An IR 4625 glutinous rice (dry) was priced at VND9,600 to VND9,700 per kg, up VND100 per kg and remaining stable compared to yesterday.
Long An 3-month sticky rice (dry) costs from 9,800 to 10,000 VND/kg, unchanged from the previous day.
Export rice price today October 10, 2024
Vietnam's current rice export prices remain unchanged from yesterday, at $440 per ton for 100% broken rice, $538 per ton for 5% standard rice, and $510 per ton for 25% broken rice.
Vietnam is the third largest rice exporter in the world, but the industry is facing many challenges.
In Thai Binh, despite the large rice cultivation area and high productivity, rice processing facilities are still small and lack large factories, mainly producing products such as vermicelli, cakes, and wine.
Hai Duong has 110,000 hectares of rice land, producing about 700,000 tons of rice per year, with 500,000 tons for domestic consumption and 200,000 tons for national reserves, domestic consumption and export.
To enhance the value of the rice chain, Dr. Hoang Xuan Truong proposed five strategies: investing in rice varieties adapted to climate change, improving preservation and processing, developing cooperatives, building and protecting the Vietnamese rice brand, and developing sustainable, environmentally friendly rice production.
