Rice price today June 23: Stable market, slow transactions

Domestic rice prices

Rice prices in the Mekong Delta region on June 23 continued to maintain a stable trend, without any significant changes compared to recent sessions. According to information from the Department of Agriculture and Environment of An Giang province, the market has not yet seen any new factors driving up prices, while trading demand remains low.

Specifically, the prices of fresh rice varieties are still fluctuating within a narrow range. OM 5451 rice is purchased at 5,900 - 6,100 VND/kg; OM 504 remains at 5,500 VND/kg; OM 18 and Dai Thom 8 fluctuate from 6,000 - 6,100 VND/kg, of which Dai Thom 8 slightly decreased by about 200 VND/kg compared to the beginning of the week. IR 50404 rice is currently at 5,300 - 5,500 VND/kg, while Nang Hoa 9 variety holds the highest price in the region at 6,650 - 6,750 VND/kg.

In the raw rice and finished rice market, prices remain stable. CL 555 raw rice is fluctuating between VND 8,250 - 8,350/kg; IR 504 is at VND 8,050 - 8,150/kg; OM 380 is at VND 7,850 - 7,900/kg; OM 5451 is at around VND 9,100 - 9,150/kg. OM 18 rice currently has the highest price in the raw material group, from VND 10,200 - 10,400/kg. Meanwhile, OM 380 finished rice is traded at VND 8,800 - 9,000/kg; IR 504 is at VND 9,500 - 9,700/kg.

Regarding by-products, the market has not fluctuated much. OM 5451 broken rice price remains around 7,400 - 7,500 VND/kg, while bran price fluctuates from 9,000 - 10,000 VND/kg. Actual records show that the demand for dry rice and by-products is still quite slow, many warehouses in the region limit purchases to wait for new market developments.

Rice supply in some areas such as OM 380 or IR 50404 is assessed to be quite scarce, but the actual volume of transactions is still low due to weak purchasing power. The Summer-Autumn rice market is slow, most traders and businesses are in a wait-and-see mode, cautious in signing new contracts.

At retail markets, rice retail prices continue to remain stable. Nang Nhen rice is currently listed at the highest price on the market at VND28,000/kg. Other popular rice varieties such as regular rice are at VND13,000 - 14,000/kg; Jasmine from VND16,000 - 18,000/kg; common white rice and Soc Thai fluctuate around VND16,000 - 20,000/kg. Huong Lai rice, Japanese rice and Taiwanese rice are sold at VND20,000 - 22,000/kg, unchanged from the previous trading session.

Export rice price

According to the Vietnam Food Association (VFA), Vietnam's rice export prices remain unchanged. 5% broken rice remains at $387 per ton, 25% broken rice at $362 per ton and 100% broken rice at $319 per ton.

In the first 5 months of 2025, Vietnam exported 4.5 million tons of rice, earning 2.34 billion USD. Although the volume increased by 12.2% compared to the same period in 2024, the value decreased by 8.9%, due to the average price falling to 516.4 USD/ton - 18.7% lower than the same period.

The Philippines continues to be the largest consumer market, accounting for more than 41% of the market share, but the export value to this country decreased by 21.8%. Exports to Indonesia fell sharply by 97.9%. In contrast, the Chinese market is gradually recovering, becoming the third largest market with a market share of 10.3%, and a value growth of 83.7%. Bangladesh alone recorded a sudden increase in exports of 515.6 times.

Indonesia, a country that used to import rice from Vietnam, expects rice output in the first six months of 2025 to reach more than 18.8 million tons, up 11.2% year-on-year. With total output forecast to exceed demand for the entire year, the country may switch to exports.

In China, Vietnamese rice is facing fierce competition from Thailand and Cambodia. At the same time, India continues to consolidate its number one position in the world by exporting nearly 20 million tons of rice in the last crop year, up more than 21% compared to the previous year.