Rice prices today, October 10, 2024: Rice prices decrease, paddy prices remain stable.

Rice prices today, October 10, 2024

The current price of IR 504 summer-autumn rice is 10,500 - 10,600 VND/kg, a slight decrease compared to before. Finished IR 504 rice is priced at 12,600 - 12,800 VND/kg, also down 100 VND/kg.

Compared to yesterday, the price of IR 504 Summer-Autumn raw rice has not changed much, remaining at 10,500 - 10,600 VND/kg.

Other types of rice at retail markets maintained 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 white rice: 15,000 - 16,000 VND/kg.

Thai long-grain 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.

Common 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 prices today, October 10, 2024

In Kien Giang, rice trading is booming. In Hau Giang, the autumn-winter rice market is stable, but without much fluctuation.

According to a report from the An Giang Department of Agriculture and Rural Development, rice prices today remain unchanged compared to yesterday.

Specifically, the price of IR 50404 rice ranges from 6,900 to 7,000 VND/kg.

Dai Thom 8 rice is priced between 7,800 and 8,000 VND/kg.

OM 5451 rice is priced 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 is priced from 7,200 to 7,300 VND/kg.

Japanese rice prices remained stable at 7,800 to 8,000 VND/kg.

Dried Nàng Nhen rice is sold at a high price, 20,000 VND/kg.

By-product prices today, October 10, 2024

The current prices for by-products range from 6,000 to 9,600 VND/kg.

Specifically, the price of OM 5451 rice bran is between 9,500 and 9,600 VND/kg, while the price of dry rice bran is between 6,000 and 6,100 VND/kg, an increase of 50 VND/kg.

The glutinous rice market also saw a slight price increase. Long An IR 4625 glutinous rice (dry) was priced from 9,600 to 9,700 VND/kg, an increase of 100 VND/kg and remaining stable compared to yesterday.

Long An glutinous rice (dry type), aged for 3 months, is priced from 9,800 to 10,000 VND/kg, unchanged from the previous day.

Today's export rice prices (October 10, 2024)

Vietnam's export rice prices remain unchanged from yesterday, at $440/ton for 100% broken rice, $538/ton for standard 5% broken rice, and $510/ton for 25% broken rice.

Vietnam is the world's third-largest rice exporter, but the industry is facing numerous challenges.

In Thai Binh, despite having a large area of ​​rice cultivation and high yields, rice processing facilities remain small-scale and lack large factories, mainly producing products such as vermicelli, cakes, and rượu (rice wine).

Hai Duong province has 110,000 hectares of rice-growing land, producing approximately 700,000 tons of rice annually, with 500,000 tons used for provincial consumption and 200,000 tons for national reserves, domestic consumption, and export.

To enhance the value chain of the rice industry, 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 brand of Vietnamese rice, and developing sustainable, environmentally friendly rice production.