Rice price today October 4, 2024: Rice price increased slightly by 100 VND/kg

Rice price today October 4, 2024

In Soc Trang and Dong Thap, rice trading activities were slow and few people bought. In An Giang, due to a lot of substandard rice, warehouses were slow to buy and rice prices fell slightly. In Dong Thap, rice prices fell due to low demand and a less active market.

Market rice prices have increased slightly compared to yesterday, with IR 504 Summer-Autumn raw rice reaching 9,900 - 10,100 VND/kg, an increase of 100 VND/kg and IR 504 finished rice reaching 12,400 - 12,500 VND/kg, also an increase of 100 VND/kg.

At retail markets, prices of rice remain unchanged, with Nang Nhen rice having the highest price of VND28,000/kg and other types of rice priced from VND15,000 to VND25,000/kg.

Rice price today October 4, 2024

According to the latest information from the Department of Agriculture and Rural Development of An Giang province, today's rice price has changed compared to yesterday.

Specifically, the current price of IR 50404 rice is from 6,900 to 7,000 VND/kg.

Dai Thom 8 rice costs from 7,800 to 8,000 VND/kg.

OM 5451 rice is sold at prices ranging from 7,200 to 7,400 VND/kg.

OM 18 rice price remains unchanged from yesterday, ranging from 7,500 to 7,800 VND/kg.

The current price of OM 380 rice is from 7,200 to 7,300 VND/kg.

Japanese rice price remains unchanged from 7,800 to 8,000 VND/kg.

Dried Nang Nhen rice has a higher price, at 20,000 VND/kg.

By-product price today October 4, 2024

The current price of by-products ranges from 5,950 to 9,600 VND/kg. Specifically, the price of OM 5451 broken rice is currently 9,400 - 9,600 VND/kg, a slight decrease of 100 VND compared to before.

The price of dry bran is currently 5,950 - 6,100 VND/kg, also down 50 VND compared to before.

Meanwhile, the price of sticky rice has not changed compared to yesterday. The price of Long An IR 4625 sticky rice (dry) remains stable at 9,500 - 9,700 VND/kg. The price of 3-month Long An sticky rice (dry) has also not changed, still at 9,800 - 10,000 VND/kg.

Rice export price today

Vietnam's rice export prices remained unchanged from the previous day, according to the Vietnam Food Association, with 100% broken rice priced at $449 per ton, 5% standard rice priced at $557 per ton, and 25% broken rice priced at $525 per ton.

Rice export prices in Asia have fallen significantly as India eased export restrictions. The policy change in India has increased rice supplies, giving importers more time to assess the market.

India's 5% broken white rice is currently priced between $490 and $495 per tonne, while 5% broken parboiled rice is priced at $498 per tonne, the lowest since November 2023.

Last week, Indian rice prices ranged from $528 to $534 per tonne. Rice prices have fallen sharply due to the tax cut, but the market remains volatile, BV Krishna Rao said.

Thailand’s 5% broken rice prices also fell, from $560 to $515 a tonne, the lowest since June 2023. The fluctuation in the baht also contributed to the fall in Thai rice prices.

In Vietnam, the price of 5% broken rice fell to $552 a ton, the lowest in more than a year. India’s export easing could pose a challenge for Vietnam in achieving its target of exporting 8 million tons of rice this year.