Rice price today October 30, 2024: Rice price increases, export rice price decreases slightly

Rice price today 10/30/2024

In the rice market, in An Giang and Dong Thap, transactions are slow, there are not many warehouses to buy, the amount of rice imported is small but the price is still stable.

Rice prices have not changed compared to yesterday. Currently, raw IR 504 Summer-Autumn rice is priced from 10,500 to 10,600 VND/kg, while finished IR 504 rice is priced from 12,600 to 12,700 VND/kg.

At retail markets, rice prices have also remained unchanged. Nang Nhen rice currently has the highest price of 28,000 VND/kg. Other types of rice are priced as follows: regular rice from 15,000 to 16,000 VND/kg, fragrant rice from 17,000 to 23,000 VND/kg, Jasmine rice from 17,000 to 18,000 VND/kg, Nang Hoa rice 21,500 VND/kg, regular rice 15,000 - 16,000 VND/kg, long grain Thai fragrant rice 20,000 - 22,000 VND/kg, Huong Lai rice 23,000 VND/kg, Taiwanese fragrant rice 21,000 VND/kg, regular Soc rice 18,500 VND/kg, Thai Soc rice 21,000 VND/kg, and Japanese rice 22,000 VND/kg.

Rice price today 10/30/2024

Today, October 30, rice prices in the Mekong Delta region increased by VND200/kg, although the trading market is still quite quiet.

According to the update from the Department of Agriculture and Rural Development of An Giang province, rice prices have been adjusted compared to yesterday. Specifically, the price of IR 50404 rice is currently fluctuating from 6,700 to 7,000 VND/kg; Dai Thom 8 rice is priced from 7,800 to 8,000 VND/kg; OM 5451 and OM 18 rice are both at 7,200 to 7,500 VND/kg, an increase of 200 VND/kg; OM 380 rice is priced from 7,000 to 7,200 VND/kg; Nhat rice remains at 7,800 to 8,000 VND/kg; and Nang Nhen rice (dry) is priced at 20,000 VND/kg.

By-product price today 10/30/2024

Current by-product prices range from 6,100 to 9,600 VND/kg. Specifically, the price of OM 5451 broken rice is at 9,400 - 9,600 VND/kg, down 100 VND/kg compared to yesterday. Meanwhile, the price of dry bran has increased from 6,100 to 6,250 VND/kg, up 50 VND/kg compared to yesterday.

Regarding the sticky rice market, prices have not changed compared to yesterday. Long An IR 4625 sticky rice (dried) remains at 9,600 - 9,800 VND/kg, while 3-month Long An sticky rice (dried) is also stable at 9,800 - 10,000 VND/kg.

Rice export price today

In the export market, the price of 5% broken rice from Vietnam decreased by 4 USD/ton to 524 USD/ton. 5% broken rice from Thailand decreased by 10 USD/ton to 488 USD/ton. Pakistani rice decreased by 5 USD/ton to 464 USD/ton. India also recorded a decrease of 5 USD/ton, bringing the price of 5% broken rice down to 444 USD/ton.

Tien Giang Provincial People's Committee organized a workshop on "Improving rice processing and export capacity" on October 29 to promote sustainable development of the local rice export industry.

Mr. Nguyen Van Sanh, former Director of the Mekong Delta Development Research Institute, said that Tien Giang has more than 56,000 hectares of rice land, with a planting area of ​​nearly 130,000 hectares per year and an output of about 790,000 tons of rice. He recommended that the province focus on the rice market segment in which it has advantages and improve the production value chain, plan raw material areas and develop large fields. Along with that, the province needs to support businesses and farmers to participate in the program of 1 million hectares of high-quality rice and reduce greenhouse gas emissions in the Mekong Delta by 2030.

In addition, Mr. Sanh proposed that Tien Giang implement market policies and call for investment, combined with science and technology development, innovation in food processing, creating economic development momentum from the rice industry.

Mr. Phan Thanh Son, Vice Chairman of Cai Be District People's Committee, shared that the district has two enterprises specializing in exporting rice to many countries, but the local area of ​​6,000 hectares of rice is not enough to produce, so it has to buy from other provinces. Ba Dac area supplies more than 4,000 tons of rice every day, and the government always creates favorable conditions for enterprises to trade rice.

The workshop helps agencies, businesses and farmers in Tien Giang work together to overcome difficulties and find solutions to improve quality, expand exports and increase value for the local rice industry.