Rice price today June 12, 2025: Exported rice slightly decreased, domestic price stable

Domestic rice prices today

Domestically, raw rice prices in the Southwest region generally remained unchanged compared to yesterday. CL 555 raw rice is at 8,200 - 8,300 VND/kg, OM 380 is stable at 7,850 - 8,000 VND/kg, IR 504 fluctuates between 7,800 - 9,000 VND/kg. OM 18 rice is priced at 10,200 - 10,400 VND/kg, OM 5451 is traded around 9,450 - 9,550 VND/kg, and Jasmine is still at a high level of 17,000 - 18,000 VND/kg.

At retail markets, rice prices continued to remain stable. Popular fragrant rice fluctuated between VND18,000 and VND22,000 per kg, while regular rice remained at VND15,000 and VND16,000 per kg. Nang Nhen rice continued to be the most expensive variety, at VND28,000 per kg, while Huong Lai and Thai fragrant rice fluctuated between VND20,000 and VND22,000 per kg.

The glutinous rice segment also recorded no changes. Prices of fresh and dried glutinous rice ranged from 7,700 - 8,000 VND/kg. IR 4625 (dried) glutinous rice was still purchased at 9,700 - 9,900 VND/kg.

By-products are stable. Rice husk is purchased at 1,000 - 1,150 VND/kg, OM 5451 broken rice remains at 7,400 - 7,500 VND/kg, and bran is still fluctuating around 7,700 - 7,800 VND/kg.

Meanwhile, raw rice prices in An Giang continue to remain stable. Dai Thom 8 and OM 18 (fresh) rice are being purchased at VND6,800/kg. Nang Hoa 9 rice ranges from VND6,650 - VND6,750/kg, OM 5451 from VND6,200 - VND6,400/kg. IR 50404 is currently at VND5,400 - VND5,600/kg, while OM 380 (fresh) is stable at VND5,200 - VND5,400/kg.

Export rice price

According to the Vietnam Food Association (VFA), Vietnam's rice export price on June 12, 2025, decreased by 3-5 USD/ton, reflecting the adjustment in the international rice market amid increasing competition for supply. Specifically, Vietnam's 100% broken rice decreased by 3 USD, down to 318 USD/ton; 5% broken rice decreased more sharply, losing 5 USD, to 388 USD/ton. In particular, 25% broken rice remained unchanged at 364 USD/ton.

In contrast to the downward trend in Vietnam, export prices of rice from India and Pakistan continued to increase slightly. India's 5% broken rice and 25% broken rice increased by 1-2 USD/ton, currently standing at 382 USD/ton and 367 USD/ton. In Pakistan, 25% broken rice increased by 2 USD to 362 USD/ton, while 5% broken rice remained unchanged at 392 USD/ton.

The Thai market still maintains high prices. 5% broken rice is quoted at 401 USD/ton, 25% broken rice at 380 USD/ton, and 100% broken rice increased slightly by 1 USD to 352 USD/ton. Stable prices and higher than those of other countries in the region show that Thai rice is still competitive in the international market.

In a related development, the Philippines - a major rice importer in the region - is currently holding its highest inventory in many years. According to the Philippine Statistics Authority (PSA), as of May 1, 2025, the country had 2.37 million tons of rice in inventory, up 14.2% year-on-year.

Notably, the National Food Authority (NFA) inventory increased sharply to 397,210 tons, nearly six times higher than last year. This result came from the Philippine government's market regulation policies such as the application of maximum retail price (MSRP) and the "20 peso/kg rice" program to support low-income consumers.

However, commercial sector inventories fell sharply by 30% to just over 803,000 tonnes, indicating a shift of resources towards the state and direct consumers, changing the distribution landscape in the rice supply chain in the Philippines.

High inventories in importing countries like the Philippines could affect short-term demand, putting pressure on export rice prices in supplying countries like Vietnam. This is also one of the reasons why Vietnamese rice prices have just slightly decreased in today's session.