Rice price today December 3, 2024: Rice price increased slightly

Domestic rice prices

According to the update from the Department of Agriculture and Rural Development of An Giang province, currently IR 50404 rice (fresh) fluctuates at 7,800 - 7,900 VND/kg; OM 5451 rice is at 7,800 - 8,000 VND; OM 380 rice fluctuates at 7,000 VND/kg; OM 18 rice (fresh) is at 8,800 - 9,000 VND/kg; Nang Hoa 9 is priced at 8,400 - 8,600 VND/kg; Nhat rice is at 7,800 - 8,000 VND/kg; Dai Thom 8 rice (fresh) fluctuates at 8,800 - 9,000 VND.

In many localities today, rice is being harvested, transactions are slow, new purchase demand is slow, prices continue to be high. In An Giang, the remaining rice supply is insignificant, mainly fragrant rice is asked for, rice prices are stable. In Kien Giang, square-shrimp rice continues to be offered at higher prices, transactions are slow, few people buy. In Soc Trang, rice is being harvested in Chau Thanh, My Tu, Long Phu.

Similarly, with rice, according to an update from the Department of Agriculture and Rural Development of An Giang province, IR 504 raw rice fluctuates at 10,200-10,350 VND/kg; IR 504 finished rice fluctuates at 12,300-12,500 VND/kg.

In localities today, the volume is low, transactions are stable, market warehouses buy fragrant rice regularly, prices remain high, raw rice of all kinds is stable. In Sa Dec (Dong Thap), raw rice of all kinds is stable. In Lap Vo, there is little rice, warehouses buy regularly, prices are stable.

At retail markets, rice prices are stable compared to yesterday. Regular rice fluctuates at 16,000 - 17,000 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.

The prices of various by-products today remain stable compared to yesterday, December 2, fluctuating between 5,800 - 9,300 VND/kg. Currently, the price of fragrant rice bran fluctuates at 9,200 - 9,300 VND/kg; the price of bran fluctuates at 5,800 - 6,000 VND/kg.

The glutinous rice market today is unchanged compared to yesterday, December 2. Specifically, IR 4625 glutinous rice is currently at 8,200 - 8,400 VND/kg; 3-month-old Long An glutinous rice remains at 9,800 - 10,000 VND/kg.

Export rice price

Vietnamese rice prices today have no new adjustments compared to yesterday's session. Specifically, 100% broken rice is currently at 410 USD/ton; 5% standard rice is at 522 USD/ton; 25% broken rice is at 485 USD/ton.

Domestic rice prices are forecast to remain stable, with a slight increase in fragrant rice varieties. In the international market, competition between major exporting countries such as Thailand, India and Pakistan will put pressure on Vietnamese rice prices, especially when China sharply reduces imports.