Rice price today August 5: Rice price increased slightly

Rice prices today (August 5) in the Mekong Delta region are stable, with a slight increase of 50 - 150 VND/kg. Trading activities are slow, with no major price fluctuations recorded.

In An Cu (Soc Trang) and An Giang: Supply is stable, prices are stable, however, purchase volume has decreased. Sa Dec (Dong Thap) witnessed a slight price increase due to scarce supply.

Retail markets did not adjust rice prices, with Nang Nhen rice reaching the highest price of 30,000 VND/kg.

Prices of other types of rice such as Jasmine, Nang Hoa, regular rice, and Taiwanese fragrant rice range from 15,000 to 21,000 VND/kg.

Japanese rice has a listed price of 22,000 VND/kg, higher than other popular rice varieties.

In the provinces, rice prices are stable with limited supply and firm prices, farmers are offering slightly higher prices.

In Can Tho, autumn-winter rice is being offered by farmers at stable prices, while in Soc Trang, traders are actively looking to buy in limited quantities.

According to information from the Department of Agriculture and Rural Development of An Giang, today's rice prices remain unchanged compared to yesterday, with IR 50404 at around 6,900 - 7,000 VND/kg; Dai Thom 8 rice priced at 7,400 - 7,600 VND/kg; OM 5451 rice fluctuating at 7,000 - 7,200 VND/kg; OM 18 rice at 7,500 - 7,700 VND/kg; OM 380 at 6,800 - 7,000 VND/kg; Nhat rice at 7,800 - 8,000 VND/kg; Nang Hoa 9 at 6,900 - 7,000 VND/kg, and Nang Nhen rice (dry) sold at 20,000 VND/kg.

The glutinous rice market did not witness any price adjustments, with Long An sticky rice (dried) stable at VND7,000 - 7,900/kg; IR 4625 sticky rice (fresh) VND7,200 - 7,400/kg; Long An sticky rice (fresh) VND7,400 - 7,600/kg; and An Giang sticky rice (fresh) remaining at VND7,000 - 7,200/kg compared to the previous day.

Today's rice prices recorded a slight increase compared to yesterday, with IR 504 summer-autumn raw rice increasing by 100-150 VND/kg, reaching 11,150-11,300 VND/kg; IR 504 finished rice increased by 50-100 VND/kg, with the new price being 13,250-13,400 VND/kg.

Rice by-products also had adjustments, the price of broken rice OM 5451 increased by 100 VND/kg, to 9,100 - 9,300 VND/kg; while the price of dry bran remained stable at 7,200 - 7,300 VND/kg.

Vietnam's rice export prices remained stable, with 100% broken rice priced at $435 per ton, while 5% broken standard rice and 25% broken rice were priced at $559 per ton and $524 per ton, respectively.

A report from the Ministry of Agriculture and Rural Development said that in the first 7 months of 2024, Vietnam exported 5.18 million tons of rice, earning 3.27 billion USD, up 25.1% in volume and 5.8% in value over the same period last year.

Rice cultivation area reached 6.25 million hectares, a slight increase of 0.2% over the previous year. Harvested output reached 3.82 million hectares, an increase of 1.3%, with an average yield of 65.6 quintals/hectare, an increase of 0.5 quintals/hectare.

Total rice output reached 25 million tons, up 2%. This strong growth sets high expectations for Vietnam's rice export industry in the second half of 2024.