Rice price today October 18, 2024: Rice price decreases, paddy price is stable

Rice price today 10/18/2024

The price of rice on the market is currently decreasing slightly compared to yesterday. Specifically, raw IR 504 Summer-Autumn rice is priced from 10,300 to 10,600 VND/kg, down about 100 to 200 VND. Finished IR 504 rice is priced from 12,500 to 12,700 VND/kg.

At retail markets, rice prices remained largely unchanged, but some types of rice saw a slight increase in price.

Nang Nhen rice has the highest price of 28,000 VND/kg.

Jasmine rice costs from 18,000 to 20,000 VND/kg.

Nang Hoa rice costs 21,500 VND/kg.

Regular rice costs from 15,000 to 16,000 VND/kg.

Long-grain Thai fragrant rice costs from 20,000 to 22,000 VND/kg, an increase of 1,000 VND.

Jasmine rice costs 23,000 VND/kg.

Taiwanese fragrant rice costs VND21,000/kg, up VND1,000.

Regular white rice costs 17,500 VND/kg.

Soc rice usually costs 18,500 VND/kg.

Soc Thai rice costs 21,000 VND/kg.

Japanese rice costs 22,000 VND/kg.

Rice price today October 18, 2024

According to the latest information from the Department of Agriculture and Rural Development of An Giang province, rice prices today remain unchanged compared to yesterday.

IR 50404 rice price ranges from 6,800 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 7,300 VND/kg.

OM 18 rice costs from 7,500 to 7,800 VND/kg.

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

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

Dried Nang Nhen rice costs 20,000 VND/kg.

By-product price today 10/18/2024

The current prices of by-products range from 5,900 VND to 9,600 VND/kg. Specifically, the price of OM 5451 is currently from 9,500 to 9,600 VND/kg, unchanged from the previous day.

The price of dry bran also remains the same, from 5,900 to 6,000 VND/kg, similar to yesterday's price.

The sticky rice market has no change in price. Long An IR 4625 sticky rice (dry) is priced from 9,600 to 9,800 VND/kg, stable compared to yesterday. Long An 3-month sticky rice (dry) is also unchanged, with prices from 9,800 to 10,000 VND/kg.

Export rice price

In the export market, Vietnamese rice prices remained unchanged from yesterday. According to the Vietnam Food Association, 100% broken rice is priced at $439 per ton. 5% standard rice is priced at $537 per ton. 25% broken rice is priced at $509 per ton.

The Thai Rice Exporters Association forecasts rice exports to increase this year, despite recent flooding in the country.

The impact of the September floods on rice production is still unclear, but the main rice-producing areas in the northeast of Thailand have not been affected, said Chookiat Ophaswongse, president of the association. Chookiat estimated rice production this year at 33-34 million tonnes, up from 32 million tonnes last year.

Water availability for next year's rice planting is seen as a key factor, with the Bhumibol Dam currently holding only 71% of its maximum water capacity.

Rice cultivation in central Thailand is considered risk-free if there are no storms.

Thailand exported 7 million tonnes of rice in the first nine months of the year. Rice exports are expected to continue to increase due to current order demand and the impact of India's rice export ban.

However, there are concerns about competition in rice exports next year if India continues to export white rice. India has a price advantage over Thailand, and fluctuations in the baht could affect Thailand's competitiveness in the rice export market.