Rice price today October 25, 2024: Export rice price drops sharply
Rice prices today October 25, 2024: There is a slight downward trend for rice. In the export market, rice prices have dropped sharply from 2 - 6 USD/ton.
Rice price today October 25, 2024
The market price of rice has been adjusted compared to yesterday. Specifically, the price of IR 504 Summer-Autumn raw rice has decreased by VND100/kg, currently at VND10,500 - 10,600/kg.
Finished rice IR 504 also decreased by 100 VND/kg, down to 12,600 - 12,700 VND/kg.
At retail markets, rice prices also change:
Nang Nhen rice has the highest price of 28,000 VND/kg. Regular white rice increased by 500 VND/kg, to 17,500 VND/kg.
The price of rice is usually between 15,000 - 17,000 VND/kg. Fragrant rice costs between 17,000 - 23,000 VND/kg.
Other types of rice such as Jasmine, Nang Hoa, regular rice, long grain fragrant rice, Huong Lai, Taiwanese fragrant rice, Soc Thuong, Soc Thai and Nhat have prices ranging from 15,000 to 23,000 VND/kg.
Rice price today October 25, 2024
According to the latest information from the Department of Agriculture and Rural Development of An Giang province, rice prices today remain unchanged compared to yesterday.
Specifically, the price of IR 50404 rice is currently 6,900 - 7,000 VND/kg.
Dai Thom 8 rice costs from 7,800 - 8,000 VND/kg.
OM 5451 rice price increased slightly, currently at 7,200 - 7,400 VND/kg.
OM 18 rice price remains stable, at 7,500 - 7,800 VND/kg.
OM 380 rice prices range from 7,200 - 7,300 VND/kg.
Japanese rice and Nang Nhen rice (dry) remain priced at 7,800 - 8,000 VND/kg and 20,000 VND/kg respectively.
In provinces like Soc Trang and Dong Thap, transactions are not active, supply is low and there are few buyers.
In An Giang, purchasing warehouses are operating slowly, supply is limited but prices remain stable.
By-product price today October 25, 2024
The current prices of by-products range from 5,900 VND to 9,600 VND/kg.
Specifically, the price of OM 5451 plate is being listed stably from 9,500 to 9,600 VND/kg, unchanged from yesterday.
The price of dry bran also remained at 5,900 to 6,000 VND/kg, no change compared to the previous day.
Meanwhile, sticky rice prices remained unchanged compared to yesterday, with Long An IR 4625 sticky rice (dried) priced from VND9,600 to VND9,800/kg.
Long An 3-month sticky rice (dry) also kept its price stable, from 9,800 to 10,000 VND/kg, no increase or decrease compared to yesterday.
Rice export price today
In the export market, Vietnamese rice prices were also adjusted, 100% broken rice decreased by 6 USD/ton, to 432 USD/ton. 5% standard rice decreased by 2 USD/ton, to 532 USD/ton. 25% broken rice decreased by 2 USD/ton, to 504 USD/ton. This information was updated by the Vietnam Food Association (VFA).
At the 2023 International Rice Congress in Manila, scientists discovered a gene that helps reduce the glycemic index of rice. The goal of the research is to meet the health and taste needs of consumers.
IRRI and CGIAR want to collaborate internationally to develop these new rice varieties. 60% of the world's diabetics live in Asia, where rice is a staple food.
New rice varieties can maintain grain yield and quality while having a low glycemic index. A glycemic index below 45 is considered extremely low, helping to slow the release of glucose.
IRRI is testing these rice varieties in the Philippines and plans to expand to Africa and Asia by 2025. The new rice varieties are expected to be grown in India.
