Rice price today December 25: Export rice price drops sharply

Domestic rice prices today

According to an update from the Department of Agriculture and Rural Development of An Giang province, currently, raw rice IR 504 has decreased by 100 VND/kg, fluctuating at 9,150 - 9,300 VND/kg; finished rice IR 504 has also decreased by 100 VND/kg, fluctuating at 11,200 - 11,400 VND/kg.

Recorded in localities today, the quantity is small, the price fluctuates slightly, most warehouses buy sparingly. In Lap Vo - Vam Cong (Dong Thap), the quantity comes in slowly, warehouses buy slowly at low prices, prices of all types continue to decrease. In Sa Dec (Dong Thap), the quantity comes in not much, large warehouses ask to buy sparingly, fragrant rice is buying sparingly, quantity is small, prices continue to decrease.

Sa Dec market canal, rice is coming in slowly from coastal fields, warehouses buy sparingly, prices of all kinds tend to decrease. In An Cu (Cai Be, Tien Giang), small quantity, stable price, most of the rice is weak, little good rice.

At retail markets, rice prices remained unchanged compared to yesterday. Regular rice fluctuated at 17,000 - 18,000 VND/kg. Currently, Nang Nhen rice has the highest listed price of 28,000 VND/kg. Fragrant rice is offered at high prices ranging from 20,000 - 22,000 VND/kg; Jasmine rice 17,000 - 18,000 VND/kg; Nang Hoa rice 21,500 VND/kg; long-grain fragrant rice 20,000 - 22,000 VND/kg; Huong Lai rice 22,000 VND/kg; common white rice 17,500 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; regular Soc rice 18,500 VND/kg; Thai Soc rice 21,000 VND/kg; Japanese rice 22,500 VND/kg.

According to the update from the Department of Agriculture and Rural Development of An Giang province, the current price of IR 50404 rice (fresh) fluctuates at 7,400 - 7,600 VND/kg; OM 5451 rice decreased by 100 VND/kg, fluctuating at 8,300 - 8,500 VND/kg; OM 18 rice (fresh) fluctuates at 8,800 - 9,000 VND/kg; OM 380 rice is at 7,200 VND/kg; Dai Thom 8 rice (fresh) fluctuates at 9,000 - 9,200 VND/kg; Nang Hoa 9 is at 9,200 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg.

In many localities today, farmers are still offering high prices, but new transactions are rare due to the continuous fluctuations in rice prices. In Bac Lieu, new rice transactions are slow, farmers are offering prices, but most traders have stopped buying. In Dong Thap, many people have stopped buying, or are asking for prices, but new transactions are rare.

For by-products, the prices of by-products and various by-products range from 5,600 - 8,200 VND/kg. Currently, the price of fragrant rice bran ranges from 8,100 - 8,200 VND/kg; the price of dry bran ranges from 5,600 - 5,700 VND/kg.

Export rice price

In the export market, Vietnam's rice export prices today decreased sharply compared to last weekend. According to the Vietnam Food Association (VFA), currently 5% standard rice is at 485 USD/ton; 25% broken rice is at 459 USD/ton; 100% broken rice is at 388 USD/ton.

In Tra Vinh, 2 models were implemented by Phat Tai Agricultural Cooperative (Thanh My Commune) and Phuoc Hao Agricultural Cooperative (Phuoc Hao Commune), Chau Thanh District on a total area of ​​98.4 hectares, with 94 participating households; in which, Phat Tai Agricultural Cooperative used OM 5454 variety, Phuoc Hao Agricultural Cooperative used ST24 variety.

As a result of the 2024 Autumn-Winter rice crop, farmers participating in the model significantly reduced production costs compared to old farming practices, and rice productivity and quality increased significantly. Specifically, farming in the model reduced about 60% of seeds, 20-30% of chemical fertilizers, and reduced pesticide spraying at least twice per crop; average yield increased by 3-4%, reaching 7.1-7.3 tons/ha, so profits increased by more than 15% compared to outside the model (increased by 6-9 million VND/ha).

In particular, the model reduces emissions by 20-30%, contributing to environmental protection, protecting public health, gradually building a brand of Tra Vinh province's low-emission rice, helping to increase the value of the province's rice industry.