Rice price today October 15, 2024: Rice price increased slightly, end-of-season rice price remained stable

Rice price today October 15, 2024

In Dong Thap and Soc Trang, rice supply is limited, purchases are slow, but prices remain stable.

The price of rice in the market has increased slightly compared to yesterday. Specifically, raw IR 504 Summer-Autumn rice is priced from 10,500 to 10,800 VND/kg, an increase of 200 - 300 VND/kg. Finished IR 504 rice is priced from 12,600 to 12,800 VND/kg, an increase of 100 VND/kg.

In retail markets, rice prices remain unchanged. Nang Nhen rice has the highest price of 28,000 VND/kg. Other types of rice are priced as follows: Jasmine rice from 18,000 to 20,000 VND/kg, Nang Hoa rice 21,500 VND/kg, regular rice from 15,000 to 16,000 VND/kg, long-grain fragrant rice from 20,000 to 22,000 VND/kg, Huong jasmine rice 22,000 VND/kg, Taiwanese fragrant rice 20,000 VND/kg, common white rice 17,500 VND/kg, regular Soc rice 18,500 VND/kg, Thai Soc rice 21,000 VND/kg and Japanese rice 22,000 VND/kg.

Rice price today October 15, 2024

In Dak Lak, rice prices were stable at the end of the crop. In An Giang, a large amount of Autumn-Winter rice was offered for sale but the market was less active.

Can Tho recorded a downward trend in autumn-winter rice prices, and most of the rice has been harvested.

Regarding today's rice price, updated from the Department of Agriculture and Rural Development of An Giang province, there is no change compared to yesterday.

IR 50404 rice costs from 6,900 to 7,000 VND/kg.

Dai Thom 8 rice costs from 7,800 to 8,000 VND/kg.

OM 5451 rice costs from 7,200 to 7,400 VND/kg.

OM 18 rice is priced from 7,500 to 7,800 VND/kg, unchanged from yesterday.

OM 380 rice costs from 7,200 to 7,300 VND/kg.

Japanese rice price remains from 7,800 to 8,000 VND/kg.

The highest price of dried Nang Nhen rice is 20,000 VND/kg.

By-product price today October 15, 2024

The current prices of by-products range from 5,950 to 9,600 VND/kg. Specifically, the price of OM 5451 broken rice is currently from 9,500 to 9,600 VND/kg, unchanged from the previous day.

The price of dry bran also remained stable, ranging from 5,950 to 6,050 VND/kg.

Meanwhile, the price of sticky rice has not changed. Long An IR 4625 sticky rice (dry) is priced from 9,600 to 9,700 VND/kg. Long An 3-month sticky rice (dry) is priced from 9,800 to 10,000 VND/kg.

Rice export price today

In the export market, Vietnamese rice prices remained unchanged. According to the Vietnam Food Association, the price of 100% broken rice was $440 per ton, 5% standard rice was $538 per ton and 25% broken rice was $510 per ton.

According to the announcement of the US Department of Agriculture, the total global rice production in the 2023/2024 crop season reached 521.52 million tons, up 1% compared to the previous season. Over the past 10 years, the average annual rice production was 500.4 million tons.

China is the leading rice producing country with 144.62 million tonnes, accounting for 28% of total production. India and Bangladesh are second and third, with 26% and 7% of total production, respectively.

ASEAN countries such as Indonesia, Vietnam, Thailand, Philippines and Myanmar also contribute significantly to global rice production.

Vietnam, which ranks fifth in the world in terms of rice production, produced 26.63 million tonnes of rice and exported 7 million tonnes, earning $4.37 billion in the first nine months of 2024.

In 2024, the Mekong Delta region is expected to have 3.8 million hectares of rice area, with a total expected output of more than 24 million tons. Although the rice area decreased by 16,000 hectares compared to 2023, rice output increased by 11,000 tons, meeting consumption and export demand.

Localities have successfully implemented high-quality rice projects, reducing emissions, helping farmers increase profits by more than 20% and reduce 5-10 tons of CO2/ha. To date, 7 high-quality rice models have been deployed on 333.5 hectares in 5 provinces: Can Tho, Soc Trang, Tra Vinh, Dong Thap and Kien Giang.

Vietnam's rice industry has expanded its export market to more than 180 countries, with increasing preference for high-quality rice from demanding markets such as Europe, the US, South Korea, Australia and the Middle East.