Rice price today October 24, 2024: Domestic rice slightly decreased

Rice price today 10/24/2024

In the rice market, prices have changed slightly compared to yesterday. Specifically, IR 504 Summer-Autumn raw rice decreased by VND50/kg, currently at VND10,500 - VND10,700/kg. IR 504 finished rice also decreased by VND50/kg, currently at VND12,600 - VND12,800/kg.

At retail markets, retail rice prices have also been adjusted.

Nang Nhen rice has the highest price of 28,000 VND/kg.

Popular white rice increased by VND500/kg, to VND17,500/kg.

Other types of rice remain stable in price: regular rice from 15,000 - 17,000 VND/kg, fragrant rice from 17,000 - 23,000 VND/kg, Jasmine rice from 18,000 - 20,000 VND/kg, and Nang Hoa rice from 21,500 VND/kg.

Rice price today 10/24/2024

According to updated information from the Department of Agriculture and Rural Development of An Giang province, rice prices today have not fluctuated much compared to yesterday. Specifically:

IR 50404 rice price remains at 6,900 - 7,000 VND/kg.

Dai Thom 8 rice costs 7,800 - 8,000 VND/kg.

OM 5451 rice increased slightly by 100 VND/kg, currently at 7,200 - 7,400 VND/kg.

OM 18 rice fluctuates from 7,500 - 7,800 VND/kg, unchanged.

OM 380 rice costs from 7,200 - 7,300 VND/kg.

Japanese rice price remains at 7,800 - 8,000 VND/kg.

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

In localities such as Soc Trang and Dong Thap, transactions were slow, with little rice arriving and no buyers. The situation in An Giang was similar, with many warehouses purchasing slowly, little rice arriving and prices falling slightly.

By-product price today 10/24/2024

The prices of by-products currently fluctuate from 5,950 - 9,600 VND/kg. Specifically, the price of OM 5451 broken rice remains stable at 9,500 - 9,600 VND/kg. The price of dry bran remains at 5,900 - 6,050 VND/kg.

The sticky rice market has not changed compared to yesterday, Long An IR 4625 sticky rice (dry) is priced at 9,600 - 9,800 VND/kg. Long An 3-month sticky rice (dry) remains at 9,800 - 10,000 VND/kg.

Rice export price today

In the export market, Vietnamese rice prices remain unchanged. 100% broken rice is priced at $438/ton. 5% broken rice is priced at $534/ton (the highest in Asia). 25% broken rice is priced at $506/ton.

Compared to Vietnam, Thailand's 5% broken rice decreased by 7 USD/ton, to 511 USD/ton, and Pakistan's same type of rice decreased by 5 USD/ton, to 476 USD/ton (the lowest level in the market).

According to a report from the General Department of Customs, after two consecutive months of March and April when rice exports exceeded the 1 million ton mark, this number has recently dropped to about 800,000 tons per month.

In the first 9 months of 2024, Vietnam exported 6.96 million tons of rice, up 8.4% over the same period last year. Export value reached 4.35 billion USD, up 23%.

The majority of rice exports, about 5.06 million tons, were sent to ASEAN countries, accounting for 73% of total exports and up 32.6% year-on-year. In contrast, rice exports to China were only 241,000 tons, down a significant 72% year-on-year.