Rice price today September 24, 2024: Rice price increased slightly, paddy price remained stable

Rice price today 9/24/2024

Rice supply in Dong Thap and An Hau Giang is stable, prices remain unchanged, but high-quality rice is scarce. In Lap Vo, Dong Thap, buyers are having difficulty finding high-quality rice due to low supply and fluctuating prices.

The price of IR 504 Summer-Autumn rice increased by VND 150/kg, ranging from VND 10,750 - 10,900/kg. The price of IR 504 finished rice is around VND 13,000 - 13,200/kg.

Rice prices at retail markets have not changed compared to before, with Nang Nhen rice having the highest price of 28,000 VND/kg. Other types of rice such as Jasmine, Nang Hoa, non-rice, and Thai fragrant rice have prices ranging from 15,000 to 21,000 VND/kg.

Rice price today 9/24/2024

In Dong Thap and Hau Giang, the trading of new rice is slow and the harvested rice is of low quality, with prices varying depending on the type. In Can Tho, the trading of new rice is also slow, mainly immature rice and the quality of the rice has decreased due to the impact of rain.

According to the latest information from the Department of Agriculture and Rural Development of An Giang, rice prices today remain unchanged compared to yesterday. Specifically:

IR 50404 rice costs from 7,300 to 7,500 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.

Dried Nang Nhen rice costs 20,000 VND/kg.

By-product price today 9/24/2024

The price of Long An IR 4625 sticky rice (dried) today remains unchanged, still at 9,700 - 9,900 VND/kg. The price of 3-month Long An sticky rice (dried) also remains the same as yesterday, fluctuating from 9,800 - 10,000 VND/kg.

By-products are priced from 5,800 to 8,600 VND/kg. Specifically, the price of OM 5451 plate is currently 8,500 - 8,600 VND/kg.

The price of dry bran has increased slightly, currently at 5,800 - 5,900 VND/kg, 50 VND/kg higher than before.

Export rice price 9/24/2024

Vietnam's rice export prices are high, with 100% broken rice priced at $455 per ton, 5% standard rice at $567 per ton, and 25% broken rice at $537 per ton, according to the Vietnam Food Association (VFA).

Vietnam's rice industry is receiving attention and support from many agencies such as the Government, ministries and banks, helping to improve policies and finance, supporting production and export.

Despite support, rice exporting enterprises still face challenges, especially in accessing credit capital, affecting their ability to purchase rice, especially during the main crop season.

The cooperative system and the merchant force play an important role in the rice supply chain, from understanding rice varieties to drying and milling standards. Rice exporting enterprises cannot perform some tasks due to human and financial constraints, so supporting the merchant force is necessary to maintain the supply chain.

It is expected that in 2025, the Mekong Delta region will cultivate rice on an area of ​​about 3.828 million hectares. The rice yield is expected to reach 63.15 quintals/ha, with an estimated total output of 24.173 million tons, an increase of nearly 40,000 tons compared to 2024.

Mr. Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, requested the Department of Crop Production to provide detailed information on rice varieties to be planted and harvest schedules earlier. The purpose is to support relevant organizations in considering supply and demand, managing exports in a timely manner and conducting appropriate trade activities. This will help businesses plan their business more appropriately and effectively in the future.