Rice price today December 5, 2024: Rice export price slightly decreased

Domestic rice prices

According to an update from the Department of Agriculture and Rural Development of An Giang province, IR 504 raw rice fluctuates at 10,250 - 10,350 VND/kg; IR 504 finished rice fluctuates at 12,400 - 12,500 VND/kg.

Recorded in localities today, the quantity is small, market warehouses buy sporadically, rice prices are stable. Warehouses buy slowly, prices tend to decrease slightly. In Sa Dec (Dong Thap), rice arrives sporadically, most of the goods are left, warehouses buy slowly. Raw rice prices of all kinds decrease slightly. In Lap Vo, there are sporadically imported rice from Soc Trang and Bac Lieu, prices tend to decrease slightly.

Sa Dec market canal (Dong Thap), small quantity, market warehouse buys sporadically, good rice price is stable, average rice price is reduced. At An Cu (Cai Be, Tien Giang), little rice is supplied, good rice price is high.

At retail markets, rice prices are the same as 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.

In particular, for rice, according to the update from the Department of Agriculture and Rural Development of An Giang province, IR 50404 rice (fresh) fluctuates at 7,600 - 7,800 VND/kg; OM 5451 rice fluctuates at 8,000 - 8,300 VND/kg; OM 380 rice fluctuates at 7,000 VND/kg; OM 18 rice (fresh) fluctuates at 9,000 - 9,200 VND/kg; Nang Hoa 9 fluctuates at 8,800 - 9,000 VND/kg; Nhat rice fluctuates at 7,800 - 8,000 VND/kg; Dai Thom 8 rice (fresh) fluctuates at 8,800 - 9,000 VND/kg.

In many localities today, fresh rice prices continue to be high, with few new transactions. In An Giang, rice supplies are still available in some districts that sowed late, demand for Autumn-Winter rice has slowed down, many traders have taken the remaining rice that has been deposited, rice prices remain high. In Bac Lieu, early Autumn-Winter rice purchases are not much due to high prices, some traders are offering lower prices for fragrant rice.

Regarding by-products, the prices of by-products and various by-products range from 5,800 - 9,300 VND/kg. Currently, the price of fragrant rice bran ranges from 9,200 - 9,300 VND/kg; the price of bran ranges from 5,800 - 6,000 VND/kg.

Today's glutinous rice market price is unchanged compared to yesterday, December 4. Specifically, IR 4625 glutinous rice is currently at 8,200 - 8,400 VND/kg; 3-month dried Long An glutinous rice maintains the price from 9,800 - 10,000 VND/kg.

Export rice price

In the export market, Vietnam's rice export prices today decreased slightly compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice decreased by 2 USD/ton to 408 USD/ton; 5% standard rice decreased by 3 USD/ton to 517 USD/ton; 25% broken rice decreased by 3 USD/ton to 482 USD/ton.

According to information from the Department of Agriculture and Rural Development of Tien Giang province, the locality is currently implementing a plan to plant about 20,000 hectares of rice in the 2024-2025 Winter-Spring crop in the Go Cong sweetening area in the East of the province. The goal is to apply science and technology to intensive farming to achieve a harvest of over 129,000 tons of commercial rice.

To achieve this goal, the Department of Agriculture and Rural Development of Tien Giang has developed a reasonable, concentrated and synchronous planting schedule. The planting schedule is adjusted so that the rice harvest is completed before the dry season and saltwater intrusion occurs. At the same time, solutions to improve the quality of exported rice are recommended, including the use of fragrant and high-quality rice varieties such as VD 20, OM 6976, OM 7347, Nang Hoa 9, OM 5451, which are resistant to drought and salt.

In particular, the Department of Agriculture and Rural Development of Tien Giang encourages farmers to use rice varieties that are linked with traders or businesses to ensure favorable output and reasonable prices. In addition, training programs on the application of science and technology, especially the application of IPM methods and measures to reduce the use of chemical fertilizers, have been organized for farmers to improve productivity and protect the environment.

Farmers are also advised to use the row seeding tool or the 3-in-1 rice transplanter to sow sparsely, with a sowing density of 80 to 100 kg of seeds/ha. Using certified rice seeds helps save seeds and limit pests and diseases, while applying balanced fertilizer to improve rice quality. In addition, Tien Giang province promotes mechanization of production stages, from land preparation, sowing to harvesting and post-harvest handling, helping to reduce losses during the production process.

Tien Giang Department of Agriculture and Rural Development also directed localities in the Go Cong sweetening area to guide farmers in applying the straw management process towards circular agriculture. The utilization and reuse of straw helps reduce emissions and protect the environment.

In addition, to ensure irrigation water for the 2024-2025 Winter-Spring crop, Tien Giang Irrigation Works Exploitation One Member Co., Ltd. will strengthen inspection and repair of saltwater prevention dams, strengthen the dyke system and improve the water environment. Localities such as Go Cong Dong, Go Cong Tay and Go Cong city will also carry out internal irrigation and dredging of canals to facilitate farmers in rice production.

To sustainably develop rice cultivation, Tien Giang province is implementing the Project “Sustainably developing one million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030”. This project will be implemented in key districts, towns and cities such as Cai Be, Cai Lay, Tan Phuoc, Go Cong Dong, Go Cong Tay, Cai Lay town and Go Cong city, with the goal of increasing farmers’ income and reducing greenhouse gas emissions.

Head of the Department of Agriculture and Rural Development of Go Cong Tay district, Ms. Le Thi Thanh Minh, said that in the 2024 - 2025 Winter-Spring crop, the locality plans to sow over 7,600 hectares of rice, and participate in the High-Quality Rice Development Project with a scale of 7,254 hectares. Go Cong Tay will invest about 95.8 billion VND to support traffic infrastructure, irrigation and utilities serving rice production.