Rice price today August 15: Rice price increased across the board

Rice price today August 15: Rice price in the Mekong Delta witnessed a simultaneous increase.

In An Cu (Soc Trang), due to limited supply and sluggish trading, high-quality rice has high prices and is difficult to buy.

In Lap Vo (Dong Thap), although supply is not much, warehouses still buy steadily, leading to a slight increase in price.

Today's rice market overview shows that there is not much high-quality rice, but the amount purchased from warehouses is still maintained at a fairly good level.

The price of IR 504 Summer-Autumn rice is at 11,700 - 11,750 VND/kg, a slight increase of 50 - 100 VND/kg compared to the previous day.

Finished rice IR 504 is currently at 13,750 - 13,850 VND/kg, up 150 VND/kg.

Meanwhile, at retail markets, rice prices remained unchanged, with Nang Nhen rice having the highest price of VND30,000/kg. Other types of rice such as Jasmine rice, Nang Hoa rice, and regular rice usually cost from VND15,000/kg to VND21,000/kg.

Regarding rice, many warehouses are still asking to buy Dai Thom 8 and Thu Dong dry rice at high prices. In provinces such as Kien Giang and An Giang, rice prices are still high due to demand near harvest time.

The Department of Agriculture and Rural Development of An Giang province updated today's rice price with adjustments, with IR 50404 fluctuating from 7,500 - 8,000 VND/kg, an increase of 100 - 400 VND/kg.

Other rice varieties such as Dai Thom 8, OM 5451, and OM 18 also increased in price from 50 VND/kg to 500 VND/kg.

Japanese rice and Nang Hoa 9 rice are priced from VND6,900/kg to VND8,000/kg, while Nang Nhen rice (dry) is sold at VND20,000/kg.

The price of sticky rice in the market has not changed compared to the previous day. Specifically, the price of fresh IR 4625 sticky rice ranges from 7,800 to 7,900 VND/kg, a slight increase of 100 to 300 VND/kg. The price of fresh An Giang sticky rice remains at 7,000 - 7,200 VND/kg.

By-product prices fluctuated slightly today. The current price of OM 5451 broken rice ranges from 9,450 to 9,550 VND/kg, an increase of 50 VND/kg compared to yesterday. The price of dried bran remains stable, ranging from 7,300 to 7,350 VND/kg, also an increase of 50 VND/kg.

In the export market, Vietnamese rice prices remained unchanged from the previous day. According to a report from the Vietnam Food Association (VFA), the price of 100% broken rice is currently at $440 per ton; 5% broken rice is stable at $570 per ton; and 25% broken rice is priced at $536 per ton.

In recent years, China has strengthened the quality standards for imported goods, especially rice. For high-grade rice such as fragrant rice, glutinous rice, ST24, the requirements for quality and packaging design are very high.

However, in the mid-range segment, Chinese importers prefer to choose cheap rice for processing, making it difficult for Vietnamese businesses to compete with producers from other countries.

According to the Vietnam Trade Office in China, China's rice import quota has not changed significantly over the years, with only 21 Vietnamese enterprises licensed to export rice, out of about 200 qualified enterprises.

The quality of rice in the Chinese market is very high and other exporting countries pay attention to product packaging, with beautiful packaging and suitable for Chinese consumers' preferences, such as rice from Thailand and Laos.

According to Nong Duc Lai, Commercial Counselor in China, China not only has a large demand for rice but is also the world's leading rice producer. He recommended that Vietnamese businesses closely monitor the Chinese rice market and update information regularly to seize opportunities and respond promptly to changes.

Fragrant rice and premium rice varieties such as ST24 and ST25 are popular in China. Vietnamese enterprises need to maintain and expand their market share, while building a strong brand for Vietnamese rice in this market.