Rice prices today, October 18, 2024: Rice prices decrease, paddy prices remain stable.

Rice prices today, October 18, 2024

Rice prices on the market are currently slightly lower than yesterday. Specifically, raw IR 504 summer-autumn rice is priced from 10,300 to 10,600 VND/kg, a decrease of 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 varieties saw a slight price increase.

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

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

Nang Hoa rice costs 21,500 VND/kg.

Regular white rice costs between 15,000 and 16,000 VND per kilogram.

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

Jasmine rice costs 23,000 VND/kg.

Taiwanese fragrant rice is priced at 21,000 VND/kg, an increase of 1,000 VND.

Common white rice costs 17,500 VND/kg.

Sóc rice typically costs 18,500 VND/kg.

Soc Thai rice costs 21,000 VND/kg.

Japanese rice costs 22,000 VND/kg.

Rice prices today, October 18, 2024

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

The price of IR 50404 rice ranges from 6,800 to 7,000 VND/kg.

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

OM 5451 rice is priced from 7,200 to 7,300 VND/kg.

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

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

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

Dried Nàng Nhen rice is priced at 20,000 VND/kg.

By-product prices today, October 18, 2024

The current prices of by-products range from 5,900 VND to 9,600 VND per kilogram. Specifically, the price of OM 5451 steel sheets is currently between 9,500 and 9,600 VND per kilogram, unchanged from the previous day.

The price of dry animal feed also remained unchanged, ranging from 5,900 to 6,000 VND/kg, similar to yesterday's price.

The glutinous rice market saw no price changes. Long An IR 4625 glutinous rice (dry) was priced at 9,600 to 9,800 VND/kg, remaining stable compared to yesterday. Long An 3-month glutinous rice (dry) also remained unchanged, priced at 9,800 to 10,000 VND/kg.

Export rice prices

On the export market, Vietnamese rice prices remained unchanged compared to yesterday. According to the Vietnam Food Association, 100% broken rice was priced at US$439/ton. Standard 5% broken rice was priced at US$537/ton. 25% broken rice was priced at US$509/ton.

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

Chookiat Ophaswongse, president of the association, said the consequences of the September floods on rice production are still unclear, but major rice-producing areas in northeastern Thailand were unaffected. Chookiat estimated this year's rice production would reach 33-34 million tons, higher than last year's 32 million tons.

Water availability for next year's rice crop is considered a crucial factor, with the Bhumibol Dam currently holding only 71% of its maximum capacity.

Rice cultivation in central Thailand is considered risk-free unless there are typhoons.

In the first nine months of the year, Thailand exported 7 million tons of rice. 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.