Rice price today November 14, 2024: Domestic prices fluctuate in opposite directions
Rice prices today, November 14, 2024: Domestic prices fluctuated with some types of rice increasing by 100 - 200 VND/kg, while rice prices decreased slightly by 50 - 100 VND/kg.
Domestic rice price
In the rice market, the price of raw IR 504 Summer-Autumn rice is currently stable at 10,300 - 10,500 VND/kg. Meanwhile, the price of finished IR 504 rice has slightly decreased to 12,300 - 12,500 VND/kg.
Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price recorded an adjustment compared to yesterday, IR 50404 rice price is at 7,400 - 7,500 VND/kg, up 100 VND/kg; Dai Thom 8 rice price is at 8,200 - 8,400 VND/kg; OM 5451 rice price is at 7,500 - 7,600 VND/kg, up 100 VND/kg; OM 18 rice price is at 8,400 - 8,600 VND/kg, up 200 VND/kg; OM 380 rice fluctuates at 6,800 - 7,000 VND/kg; Nang Hoa 9 price is at 8,400 - 8,600 VND/kg; Japanese rice is at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.
Besides, the glutinous rice market has not adjusted compared to yesterday. Long An IR 4625 glutinous rice (fresh) 7,800 - 7,900 VND/kg is stable compared to yesterday. Long An IR 4625 glutinous rice (dried) 9,600 - 9,800 VND/kg is stable compared to yesterday. Long An 3-month glutinous rice (dried) 9,800 - 10,000 VND/kg.
For by-products, the price of by-products of all kinds fluctuates between 6,050 - 9,400 VND/kg. Currently, the price of OM 5451 broken rice is at 9,200 - 9,400 VND/kg; the price of dry bran is at 6,050 - 6,150 VND/kg, down 50 VND/kg.
World rice prices
Regarding exports, Vietnamese rice prices today remained unchanged compared to yesterday: 100% broken rice at 423 USD/ton (down 4 USD/ton), 5% broken rice at 518 USD/ton (down 6 USD/ton), and 25% broken rice at 488 USD/ton (down 7 USD/ton).
In the first 10 months of 2024, Vietnam exported nearly 7.8 million tons of rice, worth 4.86 billion USD, up 10.2% in volume and 23.4% in value over the same period in 2023. The average export price of rice reached 626.2 USD/ton, up 12% over last year. It is expected that the total export volume this year will reach over 8 million tons.
