Rice price today September 28, 2024: Decreased both domestically and for export

Rice price today 9/28/2024

Rice prices in the Mekong Delta today decreased slightly, by about 100-300 VND/kg. Specifically, the price of IR 504 Summer-Autumn rice is currently 10,450 - 10,600 VND/kg, while IR 504 finished rice is priced at 12,800 - 12,900 VND/kg, down 100 VND compared to yesterday.

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/kg to VND21,000/kg.

Rice price today 9/28/2024

In Hau Giang and Dong Thap, the new rice market is not very active, high-quality rice is scarce, and prices are quite stable. In Can Tho, the price of autumn-winter rice has not changed much, and the transaction volume is not much.

After the main crop season, Ca Mau has seen a decrease in rice harvest, leading to fewer transactions. According to information from the Department of Agriculture and Rural Development of An Giang, today's rice price has been adjusted compared to yesterday:

- IR 50404 rice: price from 7,100 - 7,300 VND/kg, down 200 VND/kg.

- Fragrant Dai 8 rice: price from 8,000 - 8,200 VND/kg.

- OM 5451 rice: price from 7,400 - 7,700 VND/kg, down 200 VND.

- OM 18 rice: price from 7,800 - 8,000 VND/kg.

- OM 380 rice: price 7,300 VND/kg, down 300 VND/kg.

- Japanese rice: price from 7,800 - 8,000 VND/kg.

- Nang Nhen rice (dry): price 20,000 VND/kg.

By-product price today 9/28/2024

The current prices of by-products range from 6,000 to 9,700 VND/kg. Specifically, the price of OM 5451 broken rice is from 9,600 to 9,700 VND/kg, while the price of dry bran is from 6,000 to 6,050 VND/kg.

The sticky rice market also changed compared to yesterday. The price of Long An IR 4625 sticky rice decreased by 100 VND, currently from 9,500 to 9,700 VND/kg. The price of 3-month Long An sticky rice increased by 100 VND, with the new price from 9,800 to 10,000 VND/kg.

Rice export price today

In the international market, Vietnam's rice export prices today have seen slight adjustments. 100% broken rice is priced at 454 USD/ton, 5% standard rice is 564 USD/ton, and 25% broken rice is 534 USD/ton, each down 1 USD compared to yesterday.

Thai rice export prices fell sharply to a 14-month low on weak demand and competition from other exporters. Thai 5% broken rice was quoted at $560 a tonne, the lowest since July 20, 2023, and down from $565 a tonne last week.

Some traders in Bangkok reported that Indonesia is importing rice at cheaper prices from other exporters, and the strengthening baht is also reducing the competitiveness of Thai rice.

Thai Commerce Minister Pichai Naripthaphan said the appreciation of the baht will affect exports in the next three months, especially agricultural products.

Another trader said the market is waiting to see how India's rice policy will change in the coming period and it is now harvest season.