Rice price today December 26, 2024: Rice price continues to decrease

Domestic rice price

Rice prices today, December 26, in the domestic market recorded a slight decrease of 100 VND/kg for IR 504 raw rice and IR 504 finished products. Meanwhile, rice prices remained stable.

Recorded in localities today, the amount of rice arriving is slow, the price continues to fluctuate slightly, large warehouses buy at a reduced price. In Sa Dec (Dong Thap), the amount arriving is small, the new purchasing power of fragrant rice is slow, the price tends to continue to decrease. In Lap Vo - Vam Cong (Dong Thap), the amount arriving is slow but warehouses buy slowly, OM5451 rice is bought at a low price.

Sa Dec market canal, rice is coming in slowly from coastal fields, warehouses buy sparingly, good rice prices are stable. In An Cu (Cai Be, Tien Giang), the amount is coming in slowly, sticky rice continues to decrease by 100 VND, there is little good rice; ST rice still has good demand.

At retail markets, rice prices today remained stable compared to yesterday's session on December 25. Regular rice fluctuates 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;...

Similarly, for rice, the price of fresh rice did not fluctuate much compared to yesterday, but tended to decrease slightly, as the price of some types of rice continued to decrease slightly. 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 fluctuates at 8,300 - 8,500; 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; 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, new transactions are few due to the continuous fluctuations in rice prices. In Bac Lieu, new rice transactions are slow, traders have stopped buying. In Dong Thap, transactions are few, rice prices are stagnant.

In Long An, new transactions are slow, traders have asked to buy but have not yet made many final decisions. In Dong Thap, farmers are offering to sell early winter-spring rice, transactions are slow. In Kien Giang, farmers are offering to sell winter-spring rice 2024/2025, transactions have just stopped. In Soc Trang, transactions are quiet, traders have stopped asking to buy, most of them take rice that has been deposited. In Long An, there are few buyers, transactions are slow, prices tend to decrease.

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 increases by 100 VND to 5,650 - 5,800 VND/kg.

The sticky rice market moved sideways this morning. Currently, the price of Long An sticky rice (fresh) remains at 7,800 - 8,000 VND/kg; 3-month-old dried Long An sticky rice remains at 9,800 - 10,000 VND/kg.

Rice export price: Stable at high level

In the export market, Vietnam's rice export prices today have no new adjustments. Currently, 5% standard rice remains at 485 USD/ton; 25% broken rice at 459 USD/ton; 100% broken rice at 388 USD/ton.

According to information from the Vietnam Food Association, Vietnam's rice exports in 2024 reached a record value of 5.8 billion USD, up 23.1% over the previous year. This is an important milestone in Vietnam's rice export industry, showing strong growth in both output and export value.

Experts predict that by 2025, the global rice market will be more competitive as India, Thailand, Pakistan and Vietnam all increase their supply. Vietnam, which supplies about 75% of the Philippines’ rice imports, needs to take advantage of this to maintain its market share and increase exports.

At the same time, export enterprises need to improve rice quality, comply with international standards and develop niche markets to maintain their position in the international market.