Rice price today May 21: Rice slightly increased, by-product price increased

Rice price today May 21

The domestic rice market on May 21 recorded a positive trend in the Mekong Delta. Raw rice prices increased slightly, while by-product prices increased significantly. Trading volume was not large but prices remained stable, especially for high-quality rice and fresh rice.

Specifically, IR 504 raw rice increased by 50 VND/kg, to 8,250 - 8,350 VND/kg. Other types such as CL 555 rice remained at 8,600 - 8,800 VND/kg, OM 380 fluctuated at 8,000 - 8,100 VND/kg, OM 18 maintained a high price of 10,200 - 10,400 VND/kg, and Jasmine remained stable at 17,000 - 18,000 VND/kg.

Retail rice prices remained unchanged, with fragrant rice fluctuating between VND18,000 and VND22,000 per kg and regular rice around VND15,000 and VND16,000 per kg. Nang Nhen rice continued to be the most expensive variety on the market, at VND28,000 per kg.

The price of glutinous rice segment remains stable, without any major adjustments. IR 4625 glutinous rice (dried) is being traded at around VND9,700 - 9,900/kg, while other types of glutinous rice remain at VND7,700 - 8,000/kg.

By-products have increased significantly. OM 5451 broken rice is currently at 7,500 - 7,600 VND/kg. Bran price has increased by 200 VND, to 7,900 - 8,200 VND/kg. Rice husk price is also high, ranging from 1,000 - 1,150 VND/kg.

Meanwhile, fresh rice prices remained stable. Rice varieties such as OM 380, OM 18, Dai Thom 8 and IR 50404 remained in the range of 5,300 - 7,000 VND/kg. Nang Hoa 9 rice continued to be purchased at high prices, from 6,550 - 7,000 VND/kg.

The overall market picture shows stability and positive expectations for farmers and businesses as both rice and by-product prices tend to increase.

Export rice price today May 21

As of May 21, the export price of 5% broken rice from Vietnam remained stable at 397 USD/ton, according to the Vietnam Food Association (VFA). Although lower than the price of the same type of rice from Thailand (404 USD/ton), this price is still significantly higher than that of India and Pakistan (382-387 USD/ton), demonstrating the competitive advantage thanks to the stable quality and brand of Vietnamese rice.

In the Chinese market, rice import demand soared in March, with a total volume of 240,000 tons – an increase of 130,000 tons compared to the previous month. Vietnam led the supply, accounting for nearly 40% with 94,900 tons. The next largest suppliers include Thailand, Myanmar, India, Cambodia and Pakistan.

China currently prioritizes imports of polished rice (76%), followed by broken rice (24%) and brown rice (a very small 0.01%). However, the domestic market is in a period of slow consumption, leading to weak purchasing speed. Part of the reason is that the supply from the old crop in some areas has run out, while other sources still hold inventory, keeping prices high.

On the other hand, the new rice crop in China is entering the sowing and growing stage. Some Japonica rice growing areas have recorded light flooding, while other areas such as Guangxi are facing local drought. Although the quality of rice has not yet been affected, the erratic weather is making production progress difficult, forcing businesses in the industry to closely monitor.