Rice prices today, September 25, 2024: Slight decrease across the board.

Rice prices today, September 25, 2024

In Dong Thap and Soc Trang, rice harvests are stable and regularly purchased at market warehouses. In Lap Vo, Dong Thap, rice harvests are lower, quality is inconsistent, and prices fluctuate.

Rice prices on the market are currently lower than yesterday. Specifically, IR 504 summer-autumn raw rice has decreased by 100 VND/kg, down to 10,750 - 10,800 VND/kg, while finished IR 504 rice is priced at around 13,000 - 13,200 VND/kg.

At local markets, rice prices remain unchanged. Nang Nhen rice is the most expensive at 28,000 VND/kg, followed by Jasmine rice at 18,000-20,000 VND/kg, and other types of rice ranging from 15,000 VND/kg to 22,000 VND/kg.

Rice prices today, September 25, 2024

In Dong Thap and Kien Giang provinces, the buying and selling of new rice is slow and rice prices are low. In Can Tho, the new rice market is also sluggish with few buyers and sellers.

According to the latest information from the An Giang Department of Agriculture and Rural Development, today's rice prices have changed compared to yesterday:

The price of IR 50404 rice ranges from 7,300 to 7,500 VND/kg.

Dai Thom 8 rice is priced from 8,000 to 8,200 VND/kg.

OM 5451 rice is priced from 7,600 to 7,900 VND/kg. OM 18 rice is sold at prices ranging from 7,800 to 8,000 VND/kg. OM 380 rice is priced from 7,500 to 7,800 VND/kg, a decrease of 100 VND compared to before.

Japanese rice is priced from 7,800 to 8,000 VND/kg.

Dried Nàng Nhen rice is sold at 20,000 VND/kg.

By-product prices today, September 25, 2024

The glutinous rice market has seen a slight decrease compared to yesterday. Specifically, Long An IR 4625 glutinous rice (dry) is currently priced from 9,600 to 9,800 VND/kg, a slight decrease of 100 to 200 VND compared to the previous day. Long An 3-month glutinous rice (dry) is being sold at prices from 9,800 to 9,900 VND/kg, a decrease of 100 VND compared to yesterday.

For by-products, prices fluctuate from 5,800 to 8,600 VND/kg. Currently, OM 5451 sheet by-products are priced from 8,500 to 8,600 VND/kg.

Dried rice bran is sold at prices ranging from 5,800 to 5,900 VND/kg.

Today's export rice prices (September 25, 2024)

According to the Vietnam Food Association, Vietnam's export rice prices have adjusted downwards compared to yesterday, with 100% broken rice falling by $1 to $454 per ton.

According to data from the General Department of Customs, by mid-September, Vietnam had exported nearly 6.5 million tons of rice, earning $4.06 billion, an increase of 6% in volume and 21% in value compared to the same period last year.

Japan is experiencing its first rice shortage since 1999 as people stockpile rice amid fears of earthquakes and typhoons. Rice prices in Japan have surged, now more than 30% higher than a year ago, largely due to the 2023 drought and stockpiling by consumers in August 2024.

Japan imports approximately 770,000 tons of rice annually, primarily from the United States, Thailand, China, and Australia, while Vietnamese rice has not yet met their quality and safety standards.

Tan Long Group is one of the few Vietnamese businesses that have successfully exported ST25 rice to Japan, meeting over 600 stringent technical standards.

The opportunities for Vietnamese rice in the Japanese market are significant due to high demand, but careful contracts and preparation, taking 6-9 months to meet the standards, are required.

Vietnam is expanding its rice export markets to new regions such as the Middle East, South America, as well as Japan and South Korea, in addition to traditional markets.