Rice price today December 18, 2024: Rice price increased slightly, fresh rice price tends to decrease

Domestic rice price

Today, the market transactions in many areas were slow, the demand for rice decreased, causing rice prices to show signs of a slight decrease. In Long An, transactions were less active, many people stopped buying and prices adjusted slightly. In An Giang, late-season rice transactions were few, most of them had deposits. In Bac Lieu, the market had few new transactions, demand was weak and traders rarely asked to buy. In Dong Thap, farmers started selling early winter-spring rice but transactions were still slow.

Regarding rice prices, although fresh rice prices remain high, the trend may decrease. According to information from the Department of Agriculture and Rural Development of An Giang province, the price of IR 50404 rice (fresh) ranges from 7,600 - 7,800 VND/kg, OM 5451 rice is at 8,600 - 8,800 VND/kg, OM 380 rice is at 7,200 VND/kg, OM 18 rice is at 9,000 - 9,100 VND/kg, Dai Thom 8 rice is at 9,100 - 9,200 VND/kg, Nang Hoa 9 is at 9,200 - 9,400 VND/kg, and Nhat rice is at 7,800 - 8,000 VND/kg.

Regarding rice, the market has few transactions, fragrant rice has increased slightly, but warehouses are still slow to buy due to the continuous decrease in rice prices in recent days. Updates from the Department of Agriculture and Rural Development of An Giang province show that the price of IR 504 raw rice has increased by 100 VND/kg, ranging from 9,700 - 9,900 VND/kg, while IR 504 finished rice is traded at around 12,000 - 12,200 VND/kg.

In other areas, rice supply is low and prices fluctuate slightly depending on quality. In Sa Dec (Dong Thap), rice is coming in slowly, there are few boats of good rice, prices have not changed much compared to yesterday. In Lap Vo (Dong Thap), the situation is similar, with weak purchasing stocks and prices fluctuating slightly.

At Sa Dec market, the amount of rice is small, the warehouse mainly buys little by little, and fragrant rice trades better than other types. At An Cu (Cai Be, Tien Giang), rice comes in little by little, there is little good rice, but fragrant rice has a slight increase in price.

In retail markets, rice prices remained almost unchanged from yesterday. Regular rice costs from VND17,000 to VND18,000 per kilogram, while Nang Nhen rice has the highest price of up to VND28,000 per kilogram. Fragrant rice varieties such as Jasmine range from VND17,000 to VND18,000 per kilogram, Nang Hoa rice from VND21,500 per kilogram, long-grain Thai fragrant rice from VND20,000 to VND22,000 per kilogram, and Huong Lai rice costs VND22,000 per kilogram.

For by-products, prices ranged from VND5,700 - 8,800/kg. Fragrant rice bran decreased slightly by VND100/kg to VND8,700 - 8,800/kg, while dry bran prices ranged from VND5,700 - 5,800/kg.

Export rice price

Regarding exports, Vietnamese rice prices remained stable. 5% broken rice remained at $509 per ton, 25% broken rice at $477 per ton, and 100% broken rice at $405 per ton, according to the Vietnam Food Association.

According to Mr. Nguyen Trong Tung, Director of the Department of Agriculture and Rural Development of Phu Yen province, this locality is one of the provinces with the highest average rice yield in the South Central Coast region, reaching about 70 tons/ha. However, the rice production industry in Phu Yen still faces difficulties such as lack of its own brand, unsynchronized production process, uneven mechanization and application of science and technology, along with limited area of ​​high-quality rice varieties. These challenges pose an urgent need to improve the efficiency and quality of the rice industry in the context of integration into domestic and international markets.

To solve the difficulties, Phu Yen's agricultural sector is accelerating the process of land consolidation and increasing the production scale per household. At the same time, the province is implementing measures to reduce production costs, apply intensive farming models (IPM, ICM, "3 reductions, 3 increases"), use certified rice varieties, reduce sowing density, apply balanced fertilization, increase the use of organic fertilizers and expand mechanization. The province also pays special attention to the application of drones in sowing, fertilizing and spraying pesticides, and at the same time invests in completing infrastructure for rice production.

Along with that, Phu Yen is promoting attracting businesses to invest in agriculture and rural areas, encouraging production linkages with agricultural product consumption, building large fields according to current regulations, creating conditions for land accumulation. The province is reviewing and converting crops on inefficient rice land, while strengthening the capacity of rice seed production at the Agricultural Seed Center and cooperatives to ensure standard seed sources, aiming to build the Phu Yen rice brand.

Currently, the Department of Agriculture and Rural Development of Phu Yen is coordinating with units and localities to implement the project of restructuring the rice industry until 2025 and vision to 2030 according to Decision No. 97/QD-UBND dated February 8, 2023. In this process, the province takes advantage of new mechanisms and policies to gradually improve the quality and value of the rice industry.

The Provincial People's Committee has also approved the investment policy and selected Trung An High-Tech Agriculture Joint Stock Company to implement the project "High-quality rice production linkage area, rice purchasing and processing for export in Phu Yen province". The project will build a cluster of rice processing factories for export, linked with high-quality organic rice material areas in Tay Hoa, Phu Hoa, Tuy An districts, Dong Hoa town and Tuy Hoa city. Thereby, the province expects to improve the quality of the rice value chain, expand the domestic and international markets, and move towards building Phu Yen's own rice brand.