Rice price today September 20, 2024: Rice price drops sharply, paddy price increases slightly

Rice price today 9/20/2024

In An Giang and Dong Thap, rice prices remain stable, supply is low but demand remains steady. In Sa Dec, the amount of rice arriving is less and the price has decreased compared to yesterday, warehouses only buy in small quantities and at low prices.

In Lap Vo, the amount of rice arriving remained unchanged, prices decreased, and warehouses only bought at lower prices. In An Cu, the rice supply was low, prices depended on quality, and there were many requests to buy from market warehouses.

In the market, the price of IR 504 Summer-Autumn rice is currently 10,300 - 10,500 VND/kg, down 400 - 450 VND/kg compared to yesterday, while the price of finished IR 504 rice is 13,000 - 13,200 VND/kg.

At retail markets, the prices of rice varieties remained unchanged, with Nang Nhen rice having the highest price of VND28,000/kg. Other types of rice such as Jasmine cost from VND18,000 to VND20,000/kg, Nang Hoa rice VND20,000/kg, and regular rice cost around VND15,000 to VND16,000/kg. Other types of rice such as long-grain fragrant rice, Jasmine rice, Taiwanese fragrant rice, common white rice, regular Soc rice, Thai Soc rice, and Japanese rice cost from VND17,000 to VND22,000/kg.

Rice price today 9/20/2024

In Can Tho and Hau Giang, the rice harvest was low due to heavy rain, causing rice trading to be slow and few buyers.

In Can Tho, due to heavy rain, the autumn-winter rice harvest was not much and trading was not active.

In Soc Trang, although the amount of rice is still small, it has begun to increase again, and prices are kept stable by farmers.

According to information from the Department of Agriculture and Rural Development of An Giang province, today's rice price has a slight adjustment compared to yesterday. Specifically:

IR 50404 rice is priced from 7,300 to 7,500 VND/kg, an increase of 100 VND/kg.

Dai Thom 8 rice costs from 8,000 to 8,200 VND/kg.

OM 5451 rice costs from 7,600 to 7,900 VND/kg.

OM 18 rice costs from 7,800 to 8,000 VND/kg.

OM 380 rice costs from 7,600 to 7,800 VND/kg.

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

Nang Nhen rice (dry) costs 20,000 VND/kg.

By-product price today 9/20/2024

The sticky rice market remained unchanged from yesterday. Long An IR 4625 dry sticky rice was priced from 9,800 to 9,900 VND/kg. Long An 3-month dry sticky rice remained the same, from 9,800 to 10,000 VND/kg.

Prices of rice by-products fluctuated slightly, with broken rice OM 5451 currently priced at 8,500 to 8,600 VND/kg, down slightly by 100 to 200 VND.

Dry bran costs from 5,900 to 6,100 VND/kg, down 100 VND/kg.

Export rice price 9/20/2024

Vietnam's current rice export prices remain unchanged from yesterday, with prices as follows: 100% broken rice is $455/ton, 5% standard rice is $565/ton, and 25% broken rice is $535/ton.

At a WTO meeting, Japan raised questions about India providing electricity subsidies to its farmers.

Canada is concerned about whether India is taking into account the food security of importing countries when it imposes wheat export restrictions.

WTO members also expressed concerns about income support programs offered to farmers by the Indian government and states.

Since 2022, more than 40 questions have been raised against India regarding their export restriction policy.