Rice price today November 22, 2024: Domestic stable, rice export slightly increased

Domestic rice prices

In localities, rice prices remained stable today. According to information from the Department of Agriculture and Rural Development of An Giang province, the price of IR 504 raw rice fluctuated from 10,400 to 10,500 VND/kg, while the price of IR 504 finished rice ranged from 12,400 to 12,550 VND/kg. Rice quality improved thanks to good weather and regular and selective purchases in warehouses.

In Sa Dec (Dong Thap), the price of raw rice has not changed. The amount of rice arriving at Lap Vo - Vam Cong (Dong Thap) is quite small, but the price of rice remains stable. The quality of rice is better, the surface of the rice is more beautiful thanks to favorable weather.

In An Cu (Cai Be, Tien Giang), rice is in low supply and of low quality. Most of it is poor quality rice, and there is little good quality rice. Although the price is stable, the quality of the rice is not high.

At retail markets, rice prices remained unchanged from yesterday, fluctuating between 15,000 and 16,000 VND/kg. Some types of rice are more expensive, for example: Nang Nhen rice is priced at 28,000 VND/kg, fragrant rice ranges from 20,000 to 22,000 VND/kg, Jasmine rice is from 17,000 to 18,000 VND/kg, Nang Hoa rice is 21,500 VND/kg, Thai long grain fragrant rice is from 20,000 to 22,000 VND/kg, Huong Lai rice is 22,000 VND/kg, Taiwanese fragrant rice is 21,000 VND/kg, Soc Thai rice is 21,000 VND/kg and Japanese rice is 22,500 VND/kg.

Regarding the rice market situation, in Kien Giang, square-shrimp rice is being offered at higher prices, but transactions are still quite slow. In Soc Trang, new rice transactions are also low, the offering price is high but there are few buyers.

According to the update from the Department of Agriculture and Rural Development of An Giang province, the current rice price fluctuates as follows: IR 50404 rice costs from 7,400 to 7,500 VND/kg, OM 5451 rice increases slightly by 100 VND/kg, ranging from 7,600 to 7,800 VND/kg, OM 380 rice costs from 6,800 to 7,000 VND/kg, OM 18 rice (fresh) costs from 8,500 to 8,600 VND/kg, Nang Hoa 9 rice costs from 8,400 to 8,600 VND/kg, Nhat rice costs from 7,800 to 8,000 VND/kg, and Dai Thom 8 rice (fresh) ranges from 8,600 to 8,800 VND/kg.

Regarding by-products, prices of items range from 6,000 to 9,400 VND/kg. Specifically, fragrant rice bran costs from 9,300 to 9,400 VND/kg, while dry bran costs from 5,950 to 6,100 VND/kg.

Glutinous rice prices recorded a slight increase. Specifically, IR 4625 (fresh) sticky rice increased by 300 VND/kg, to 8,200 - 8,400 VND/kg. Long An 3-month dried sticky rice still maintained a high price of 9,800 - 10,000 VND/kg.

World rice prices

In the export market, Vietnam's rice prices today increased slightly compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice is priced at 410 USD/ton, 5% standard rice is priced at 520 USD/ton, and 25% broken rice is priced at 485 USD/ton.

Compared to other countries, Vietnam's rice export price is still higher. Specifically, the price of 5% broken rice from Thailand is 487 USD/ton, from Pakistan is 453 USD/ton, and from India is 450 USD/ton.

Vietnam is currently leading the price of 5% broken rice in Asia, 33 USD/ton higher than Thailand, 67 USD/ton higher than Pakistan, and 70 USD/ton higher than India.

In the past 9 months, rice exports have grown strongly, reaching an increase of 131.2% and becoming one of Vietnam's major export items, accounting for 9.8% of total export turnover, ranking 3rd after phones and components (accounting for 8.5%). This shows that Malaysia has increased rice imports from Vietnam, surpassing even high-end consumer goods such as phones.

Besides rice, other agricultural products such as coffee also had impressive growth, reaching 117.5% compared to the same period last year. However, the majority of exported coffee is green coffee, used as raw materials for the Malaysian coffee industry, not reflecting the development of Vietnamese coffee brands in this market.

According to the Food and Agriculture Organization of the United Nations (FAO) in Vietnam, a recent technical consultation meeting prepared for the project "Reducing risks between humans and animals" through disease control and biosecurity initiatives.

Ha Tinh and Ba Ria – Vung Tau are the two provinces selected to pilot this project. At the meeting, delegates discussed the pig farming value chain, including issues related to participants, linkages, product flows, animal movement, and potential disease risks. Effective prevention and control strategies will be proposed based on this analysis.