Rice prices today, September 19, 2024: Slightly decreased by 100 VND.
Rice and paddy prices today, September 19, 2024: Domestic prices decreased slightly by 100 VND for both paddy and rice.
Rice prices today, September 19, 2024
In An Giang and Dong Thap provinces, rice purchases are going well and prices are trending slightly downward.
In Sa Dec (Dong Thap province), the amount of rice purchased has decreased, along with a drop in demand.
In Lap Vo (Dong Thap province), the amount of rice purchased is stable, and prices vary depending on the quality of the rice.
Rice prices on the market have adjusted compared to yesterday. Specifically, IR 504 summer-autumn rice is now priced from 10,750 to 10,900 VND/kg, a decrease of 100 VND/kg; meanwhile, finished IR 504 rice is priced from 13,000 to 13,200 VND/kg.
At local markets, the prices of different types of rice also vary:
Nang Nhen rice: 28,000 VND/kg.
Jasmine rice: 18,000 - 20,000 VND/kg.
Nang Hoa rice: 20,000 VND/kg.
Regular white rice: 15,000 - 16,000 VND/kg.
Long-grain fragrant rice: 20,000 - 21,000 VND/kg.
Jasmine rice: 18,000 VND/kg, down 2,000 VND/kg.
Taiwanese fragrant rice: 21,000 VND/kg.
Common white rice: 17,000 VND/kg.
Regular Soc rice: 18,000 - 18,500 VND/kg.
Soc Thai rice: 21,000 VND/kg.
Japanese rice: 22,000 VND/kg.
Rice prices today, September 19, 2024
In the provinces of Hau Giang, Dong Thap, and Bac Lieu, the amount of rice imported into the market is low and the rate of purchase is slow, with prices low due to drought conditions.
In Bac Lieu, the supply of rice on the market has decreased, leading to a slowdown in purchasing. In Dong Thap, demand for rice is low and prices have remained largely unchanged. In Ca Mau, half of the rice crop has been harvested, and demand is stable.
According to information from the Department of Agriculture and Rural Development of An Giang province, rice prices today have been adjusted compared to yesterday. Specifically:
IR 50404 rice is priced at 7,200 to 7,500 VND/kg, a decrease of 100 VND/kg.
Dai Thom 8 rice is priced from 8,000 to 8,200 VND/kg.
OM 5451 rice is priced from 7,600 to 7,900 VND/kg.
OM 18 rice is priced from 7,800 to 8,000 VND/kg.
OM 380 rice is priced from 7,600 to 7,800 VND/kg.
Japanese rice is priced from 7,800 to 8,000 VND/kg.
Dried Nang Nhen rice is priced at 20,000 VND/kg.
By-product prices today, September 19, 2024
The glutinous rice market remained unchanged compared to yesterday. Long An IR 4625 glutinous rice was priced between 9,800 and 9,900 VND/kg, stable. Long An 3-month glutinous rice was priced between 9,800 and 10,000 VND/kg, unchanged.
Prices for rice by-products range from 6,000 to 8,800 VND/kg. Broken rice (OM 5451) is priced from 8,600 to 8,800 VND/kg. Dried rice bran is priced from 6,000 to 6,100 VND/kg.
Rice export prices as of September 19, 2024
Vietnam's export rice prices have been adjusted compared to yesterday, with 100% broken rice priced at $455/ton, standard 5% broken rice at $565/ton, and 25% broken rice at $535/ton.
By mid-September, Vietnam had exported approximately 6.5 million tons of rice, earning $4.06 billion, an increase of 6.2% in volume and 21.2% in value compared to the previous year.
Vietnamese rice is very popular in Southeast Asia, especially in the Philippines, Indonesia, and Malaysia.
The Philippines was the largest customer, purchasing 2.81 million tons of rice worth nearly $1.72 billion, an increase of 19.6% in volume and 39.8% in value compared to the previous year.
Indonesia purchased 913,900 tons of rice, worth $557.8 million, an increase of 27.3% in volume and 54.4% in value compared to 2023.
Malaysia, with its purchase of 582,900 tons of rice worth $345.9 million, has become Vietnam's third-largest rice export market, surpassing China.
Forecasting rice prices for the remaining months of the year is difficult, but prices are not expected to fall due to scarce supply. Damage from storms and floods in the North, with over 200,000 hectares of rice fields submerged, is also affecting rice supply.
