Rice prices today, December 10, 2024: Fresh paddy prices increased slightly.

Domestic rice prices

In many localities today, the price of fresh rice remains high, transactions are slow, and there are few buyers. In An Giang, transactions are slow, mainly involving rice that has already been reserved. In Soc Trang, new transactions are slow, and farmers are offering high prices. In Long An, prices are relatively stable, demand is quite slow, and few new deals have been closed. In Kien Giang, rice from the Mien Thu rice-growing region is being offered in large quantities, but the high price means few buyers.

According to an update from the Department of Agriculture and Rural Development of An Giang province, rice prices in the locality today have increased slightly by 200-300 VND/kg for some varieties.

Specifically, traders have raised the price of fresh Dai Thom 8 and OM 18 rice to 9,200 – 9,400 VND/kg, an increase of 300 VND/kg and 200 VND/kg respectively.

Meanwhile, prices for other rice varieties remained generally stable. Nang Hoa 9 fluctuated between 9,200 and 9,400 VND/kg; followed by fresh OM 18 at 9,000 to 9,200 VND/kg; OM 5451 at 8,600 to 8,800 VND/kg; IR 50404 at 7,800 to 8,000 VND/kg...

Reports from various localities today indicate that rice is arriving in small quantities, with little of the best quality rice. Warehouses are reporting a slight increase in price for regular, sticky rice. In Sa Dec (Dong Thap), rice is arriving in small quantities at the docks, and the prices of all types of raw rice have edged up slightly.

In Lap Vo (Dong Thap), the supply is sporadic and limited, with warehouses causing a slight increase in price for sticky rice. In An Cu (Cai Be, Tien Giang), rice is available sporadically and at stable prices; most rice is of poor or average quality, with few high-quality grains.

Rice prices at An Giang market also remained stable, with regular white rice listed at around 17,000 – 18,000 VND/kg; fragrant rice from 17,000 – 22,000 VND/kg.

In other areas of the Mekong Delta, rice prices remained stable. Raw IR 504 rice was quoted at 10,150 - 10,300 VND/kg, while finished IR 504 rice reached 12,300 - 12,400 VND/kg.

At retail markets, rice prices remained unchanged compared to yesterday. Regular rice fluctuated between 16,000 and 17,000 VND/kg. Currently, Nang Nhen rice has the highest listed price at 28,000 VND/kg. Fragrant rice is offered at higher prices ranging from 20,000 to 22,000 VND/kg; Jasmine rice at 17,000 to 18,000 VND/kg; Nang Hoa rice at 21,500 VND/kg; long-grain Thai fragrant rice at 20,000 to 22,000 VND/kg; Huong Lai rice at 22,000 VND/kg; common white rice at 17,500 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; regular Soc rice at 18,500 VND/kg; Soc Thai rice at 21,000 VND/kg; and Japanese rice at 22,500 VND/kg.

Regarding by-products, the price of dry rice bran in localities remained stable at 5,900 – 6,000 VND/kg; fragrant broken rice reached 9,000 – 9,100 VND/kg.

Similarly, the glutinous rice market has not recorded any new fluctuations. Currently, fresh IR 4625 glutinous rice is trading at 8,100 – 8,200 VND/kg; fresh 3-month glutinous rice is trading at 8,100 – 8,300 VND/kg.

Export rice prices

On the export market, according to data from the Vietnam Food Association (VFA), the export price of Vietnamese 5% broken white rice remained stable at US$514/ton; 25% broken rice was priced at US$482/ton, and 100% broken rice reached US$405/ton.

According to the latest statistics from the Ministry of Agriculture and Rural Development, in November 2024, Vietnam's rice exports reached 700,000 tons, with an export value of US$444.9 million. Accordingly, the total volume and value of rice exports in the first 11 months of 2024 reached nearly 8.5 million tons and US$5.31 billion. Compared to the same period in 2023, Vietnam's rice exports this year showed strong growth, increasing by 10.6% in volume and 22.4% in value, thanks to high demand from international markets and improvements in product quality.

Currently, the Philippines is Vietnam's largest rice consumer market, accounting for over 45% of Vietnam's rice export market share, followed by Indonesia and Malaysia. Notably, among Vietnam's top 15 rice export markets, Malaysia has recorded the strongest growth. The value of rice exports to Malaysia has increased 2.3 times, demonstrating the growing demand and potential for export cooperation between the two countries to expand and develop the Vietnamese rice market in Southeast Asia.