Rice prices today, December 5, 2024: Export rice prices slightly decrease.

Domestic rice prices

According to updates from the Department of Agriculture and Rural Development of An Giang province, the price of IR 504 raw rice ranges from 10,250 to 10,350 VND/kg; the price of finished IR 504 rice ranges from 12,400 to 12,500 VND/kg.

Observations in various localities today show low supply, with warehouses buying sporadically, and rice prices remaining stable. Warehouses are buying slowly, and prices are trending slightly downward. In Sa Dec (Dong Thap), rice is arriving sporadically, mostly remaining in storage, and warehouses are buying slowly. Prices of all types of raw rice have decreased slightly. In Lap Vo, supplies are arriving sporadically from Soc Trang and Bac Lieu, and prices are trending slightly downward.

At Sa Dec market (Dong Thap province), rice supply is low, warehouses are buying sporadically, prices for good quality rice remain stable, while prices for average-quality rice have decreased. At An Cu (Cai Be, Tien Giang province), rice is arriving in small quantities, and good quality rice is priced high.

At retail markets, rice prices remained stable compared to yesterday. Regular rice fluctuated between 16,000 and 17,000 VND/kg. Currently, Nang Nhen rice has the highest listed price at 28,000 VND/kg. Fragrant rice is offered at higher prices ranging from 20,000 to 22,000 VND/kg; Jasmine rice at 17,000 to 18,000 VND/kg; Nang Hoa rice at 21,500 VND/kg; long-grain Thai fragrant rice at 20,000 to 22,000 VND/kg; Huong Lai rice at 22,000 VND/kg; common white rice at 17,500 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; regular Soc rice at 18,500 VND/kg; Thai Soc rice at 21,000 VND/kg; and Japanese rice at 22,500 VND/kg.

Specifically, regarding rice, according to updates from the Department of Agriculture and Rural Development of An Giang province, the current prices are as follows: 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 rice fluctuates at 8,800 - 9,000 VND/kg; Nhat rice at 7,800 - 8,000 VND/kg; and Dai Thom 8 rice (fresh) fluctuates at 8,800 - 9,000 VND/kg.

In many localities today, the price of fresh rice remains high, with few new transactions. In An Giang, rice supplies remain in some late-sown districts, demand for autumn-winter rice has slowed down, and many traders are buying up the remaining rice already reserved, keeping prices high. In Bac Lieu, early autumn-winter rice is not being bought much due to high prices, and some traders are offering lower prices for fragrant rice.

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

Today's glutinous rice market prices remain unchanged compared to yesterday, December 4th. Specifically, IR 4625 glutinous rice is currently priced at 8,200 - 8,400 VND/kg; Long An 3-month dry glutinous rice maintains a price of 9,800 - 10,000 VND/kg.

Export rice prices

On the export market, Vietnamese rice export prices saw a slight decrease compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice fell by $2/ton to $408/ton; standard 5% broken rice fell by $3/ton to $517/ton; and 25% broken rice fell by $3/ton to $482/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 approximately 20,000 hectares of rice for the 2024-2025 Winter-Spring crop in the freshwater areas of Go Cong district in the eastern part of the province. The goal is to apply science and technology to intensive farming to achieve a harvest yield of over 129,000 tons of commercial rice.

To achieve this goal, the Tien Giang Department of Agriculture and Rural Development has developed a rational, concentrated, and simultaneous planting schedule. The planting schedule is adjusted so that rice harvesting is completed before the dry season and saltwater intrusion occur. Simultaneously, solutions to improve the quality of export rice are recommended, including the use of fragrant and high-quality rice varieties such as VD 20, OM 6976, OM 7347, Nang Hoa 9, and OM 5451, which have good drought and salt tolerance.

In particular, the Tien Giang Department of Agriculture and Rural Development encourages farmers to use rice varieties that have established links 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 row planters or 3-in-1 rice transplanters for sparse sowing, with a sowing density of 80 to 100 kg of seeds per hectare. Using certified rice seeds helps save seeds and reduce pests and diseases, while balanced fertilization improves rice quality. In addition, Tien Giang province is promoting mechanization in all stages of production, from land preparation and sowing to harvesting and post-harvest processing, helping to reduce losses during production.

The Tien Giang Department of Agriculture and Rural Development also directed localities in the Go Cong freshwater zone to guide farmers in applying straw management processes in line with circular agriculture. Utilizing and reusing straw helps reduce emissions and protect the environment.

Furthermore, to ensure irrigation water for the 2024-2025 Winter-Spring crop, Tien Giang Irrigation Works Exploitation Company Limited will strengthen inspection and repair of saltwater intrusion prevention sluice gates and dams, reinforce the dike system, and improve the water environment. Localities such as Go Cong Dong, Go Cong Tay, and Go Cong City will also carry out inland irrigation work and canal dredging to facilitate rice production for farmers.

To promote sustainable rice cultivation, Tien Giang province is implementing the project "Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Specialization Linked to 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.

According to Ms. Le Thi Thanh Minh, Head of the Agriculture and Rural Development Department of Go Cong Tay District, the district plans to sow rice on over 7,600 hectares during the 2024-2025 Winter-Spring crop season and participate in the High-Quality Rice Development Project on 7,254 hectares. Go Cong Tay will invest approximately 95.8 billion VND to support transportation infrastructure, irrigation, and other facilities serving rice production.