Rice price today September 30, 2024: Price remains unchanged
Rice price today September 30, 2024: Both domestic and export rice prices are at the same level, remaining stable
Rice price today September 30, 2024
The current market price of rice is stable, unchanged from yesterday. Specifically, the price of raw IR 504 Summer-Autumn rice ranges from 10,450 to 10,600 VND/kg, while the price of finished IR 504 rice ranges from 12,800 to 12,900 VND/kg.
In retail markets, the prices of rice have not changed. Nang Nhen rice is currently priced at VND28,000/kg. Other types of rice such as Jasmine are priced from VND18,000 to VND20,000/kg, Nang Hoa rice is VND20,000/kg, regular rice is from VND15,000 to VND16,000/kg, long-grain fragrant rice is from VND20,000 to VND21,000/kg, Huong jasmine rice is VND18,000/kg, Taiwanese fragrant rice is VND21,000/kg, common white rice is VND17,000/kg, Soc rice is from VND18,000 to VND18,500/kg, Soc Thai rice is VND21,000/kg and Japanese rice is VND22,000/kg.
Localities are preparing for the 2024-2025 Winter-Spring crop. Long An requires scheduled planting to cope with weather and pests, in order to increase Winter-Spring rice productivity. It is recommended to use major rice varieties with good adaptability and strong consumption such as OM18, OM5451, and Jasmine 85.
Special glutinous and aromatic rice varieties such as ST24 and Nang Hoa 9 are becoming more popular. Long An’s planting target for the 2024-2025 Winter-Spring crop is 224,000 hectares, with the hope of achieving a yield of over 1.5 million tons.
In the Summer-Autumn season of 2024, Long An planted 222,000 hectares and harvested 191,000 hectares, achieving a yield of 5.4 tons/ha and an output of over 1 million tons.
Rice price today September 30, 2024
According to the latest information from the Department of Agriculture and Rural Development of An Giang province, today's rice prices remain unchanged compared to yesterday. Specifically, the price of IR 50404 rice ranges from 7,100 to 7,300 VND/kg.
- Fragrant Dai 8 rice costs from 8,000 to 8,200 VND/kg.
- OM 5451 rice is sold at a price from 7,400 to 7,700 VND/kg.
- OM 18 rice price ranges from 7,500 to 7,800 VND/kg.
- OM 380 rice price is stable at 7,300 VND/kg.
- Japanese rice costs from 7,800 to 8,000 VND/kg.
- Dried Nang Nhen rice has the highest price of 20,000 VND/kg.
By-product price today September 30, 2024
The prices of by-products are currently fluctuating from 6,000 to 9,700 VND/kg. Specifically, the price of OM 5451 broken rice ranges from 9,600 to 9,700 VND/kg, while the price of dry bran ranges from 6,000 to 6,050 VND/kg.
In another development, the price of sticky rice remained unchanged compared to yesterday. The price of Long An IR 4625 sticky rice (dry) remained stable at 9,500 to 9,700 VND/kg. Similarly, the price of Long An 3-month sticky rice (dry) also remained unchanged, remaining at 9,800 to 10,000 VND/kg.
Rice export price today
Meanwhile, Vietnam's rice export prices also remained unchanged, according to the Vietnam Food Association (VFA), with 100% broken rice priced at 454 USD/ton, 5% standard rice priced at 562 USD/ton and 25% broken rice priced at 532 USD/ton.
India has resumed exports of non-basmati white rice from September 28, with a minimum price of $490 per tonne, which could force other rice-producing countries such as Pakistan, Thailand and Vietnam to lower their prices to compete.
India has also reduced the export duty on basmati rice to 10%. With its large rice reserves, India is helping to reduce rice prices in the international market.
Vietnam’s 5% broken rice prices fell to $560 a tonne, down $20 from last week. Thai rice prices also fell to $550 a tonne, the lowest in more than a year.
Vietnamese rice exporters predict that rice prices will continue to fall due to competition from India. However, some experts say that rice prices are unlikely to fall below $500 per ton due to limited domestic supply.
