Rice prices today, January 31st: Market remains stable, fresh paddy prices stagnate.
The rice market in the Mekong Delta remained stable on January 31st. Prices of fresh paddy rice stalled due to slow trading after the peak purchasing period before the Lunar New Year.
Rice prices in the Mekong Delta region today, January 31st, generally remained stable. According to data from the Department of Agriculture and Environment of An Giang province and the Vietnam Rice system, the domestic and export rice markets maintained a stable state, while fresh paddy prices stagnated due to the cautious sentiment of traders.
Prices of raw and finished rice remain stable.
According to reports from the source market, export prices for raw rice remained unchanged compared to the previous session. Major rice varieties such as OM 18 and OM 5451 maintained stable prices in the market.
| Type of raw rice | Price (VND/kg) |
|---|---|
| OM 18 rice | 8,800 – 9,000 |
| OM 5451 Rice | 8,800 – 8,900 |
| Dai Thom 8 Rice | 8,650 – 8,800 |
| CL 555 rice | 8,100 – 8,200 |
| IR 504 rice | 7,650 – 7,750 |
For finished rice, IR 504 is currently trading in the range of 9,500 – 9,700 VND/kg. This stability indicates that supply and demand are in balance after the fluctuations at the end of the year.
Fresh rice prices remain stable in many localities.
The fresh rice market remained stable. Trading of the winter-spring rice crop in the provinces of Can Tho, An Giang, Ca Mau, Dong Thap, Vinh Long, and Tay Ninh was quite slow. Traders tended to be more cautious in making new purchases.
| Fresh rice | Price (VND/kg) |
|---|---|
| OM 18 and Dai Thom 8 rice varieties | 6,300 – 6,500 |
| OM 5451 rice | 5,800 – 6,200 |
| OM 4218 rice | 6,000 – 6,200 |
| IR 50404 rice | 5,500 – 5,600 |
| OM 34 rice | 5,200 – 5,400 |
Retail rice prices remain at their previous listed levels.
At retail markets and distribution systems, rice prices remain stable. Nang Nhen rice continues to hold the highest selling price. There have been no significant adjustments in the prices of fragrant and popular rice varieties.
- Premium rice:Nang Nhen rice (28,000 VND/kg), Huong Lai rice (22,000 VND/kg), Japanese rice (22,000 VND/kg).
- Fragrant rice:Thai long-grain fragrant rice (20,000 – 22,000 VND/kg), Nang Hoa rice (21,000 VND/kg), Taiwanese fragrant rice (20,000 VND/kg), Jasmine rice (14,000 – 15,000 VND/kg).
- Common types of rice:Common white rice (16,000 VND/kg), regular Soc rice (16,000 – 17,000 VND/kg), regular rice (12,000 – 13,000 VND/kg).
Export markets maintain stable prices.
According to a report from the Vietnam Food Association, Vietnam's export rice prices remain stable, creating a favorable foundation for contracts at the beginning of the new year. Specifically, fragrant rice with 5% broken grains is currently fluctuating around 420-440 USD/ton. Jasmine rice maintains its price at 446-450 USD/ton, and 100% broken grains are at 319-323 USD/ton.
Overall, the rice market on January 31st was experiencing a slowdown in trading but maintaining stable prices. Experts predict the market will become more active again in the first few weeks after Tet (Lunar New Year) as demand for rice for export increases.
