Rice price today September 27, 2024: Rice price continues to decrease slightly

Rice price today 9/27/2024

Rice prices in the Mekong Delta decreased today, with prices ranging from 10,450 to 13,000 VND/kg.

Compared to yesterday, the price of IR 504 Summer-Autumn rice has decreased slightly, currently at 10,450 - 10,600 VND/kg. Finished IR 504 rice has also decreased, the current price is 12,800 - 13,000 VND/kg.

At retail markets, the prices of rice varieties remained unchanged. Nang Nhen rice had the highest price of VND28,000/kg. Other rice varieties such as Jasmine, Nang Hoa, and regular rice were priced from VND15,000 to VND21,000/kg.

Rice price today 9/27/2024

In An Giang and Dong Thap, the trading of new rice is slow, the quantity of good rice is not much and the price is quite stable. In Can Tho, the volume of new rice transactions is not much, most of the rice has been harvested.

Autumn-Winter rice trading in An Giang is also not active, prices are almost unchanged. According to information from the Department of Agriculture and Rural Development of An Giang province, today's rice prices are 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 7,300 to 7,600 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 9/27/2024

The current prices of by-products range from 6,000 to 9,700 VND/kg. Specifically, the price of OM 5451 broken rice is currently 9,600 to 9,700 VND/kg, an increase of 1,000 VND/kg. The price of dry bran is currently from 6,000 to 6,050 VND/kg, a slight increase of 50 to 100 VND/kg.

Meanwhile, the price of sticky rice remained unchanged from the previous day. The price of Long An IR 4625 sticky rice (dry) remained stable at 9,600 to 9,800 VND/kg. The price of 3-month Long An sticky rice (dry) also remained unchanged, still at 9,800 to 9,900 VND/kg.

Rice export price today

Vietnam's rice export prices remained unchanged from yesterday. 100% broken rice was priced at $454 per ton, 5% standard rice was $565 per ton, and 25% broken rice was $535 per ton, according to the Vietnam Food Association.

Farmers in the Mekong Delta are having difficulty harvesting summer-autumn rice due to heavy rains, affecting the quality and price of rice. It is expected that from now until the end of 2024, Vietnam's rice supply will not be abundant, with only the autumn-winter crop having the lowest output of the year.

Vietnam may need to increase rice imports from other countries such as Cambodia if businesses continue to participate in Indonesia's rice bidding.

Figures from the General Department of Customs show that by the end of August, Vietnam had exported more than 6.15 million tons of rice and could reach 6.8 million tons by the end of September.

Recent storms and floods have damaged nearly 200,000 hectares of rice in the northern and central regions, which will affect Vietnam's rice supply in the international market.

Although Vietnam does not have much rice to export, world rice prices are falling, lower than at the beginning of the year and contrary to the usual year-end price increase trend.