Rice prices today, September 7, 2024: Continue to fall
Rice and paddy prices today, September 7, 2024: Continuing to decline, with a downward adjustment of 100-250 VND/kg for both rice and paddy.
Rice prices today, September 7, 2024
According to local updates, trading activity was slow today. Rice supplies were low, warehouses were slow to purchase, and there was a lot of poor-quality rice with little good quality. In An Cu (Soc Trang), rice supplies were low, quality was poor, and trading was slow. In Lap Vo (Dong Thap), supplies were moderate, but quality was poor, and prices continued to trend downwards.
On the rice market, rice prices have been adjusted compared to yesterday. Currently, IR 504 summer-autumn raw rice is priced at 10,750 - 11,100 VND/kg, a decrease of 100 - 250 VND/kg; finished IR 504 rice is priced at 13,100 - 13,200 VND/kg, a decrease of 100 VND/kg.
At retail markets, rice prices remained unchanged for individual rice varieties. Currently, Nang Nhen rice is listed at the highest price of 28,000 VND/kg; Jasmine rice at 18,000 - 20,000 VND/kg; Nang Hoa rice at 20,000 VND/kg; regular white rice fluctuating around 15,000 - 16,000 VND/kg; Thai long-grain fragrant rice at 20,000 - 21,000 VND/kg; Huong Lai rice at 20,000 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; common white rice at 17,000 VND/kg; regular Soc rice at 18,000 - 18,500 VND/kg; Soc Thai rice at 21,000 VND/kg; and Japanese rice at 22,000 VND/kg.
Rice prices today, September 7, 2024
Observations in localities such as Tien Giang, An Giang, Dong Thap, Can Tho, etc., show that today the demand for autumn-winter rice is slow, with few buyers, prices of all types of rice continue to fall, and transactions are sluggish.
According to an update from the Department of Agriculture and Rural Development of An Giang province, today's rice prices have been adjusted compared to yesterday: IR 50404 rice is priced at 7,800 - 8,000 VND/kg; Dai Thom 8 rice at 8,300 - 8,500 VND/kg; OM 5451 rice at 8,200 - 8,400 VND/kg; OM 18 rice at 8,300 - 8,500 VND/kg, down 100 VND/kg; OM 380 rice fluctuates between 7,600 - 7,800 VND/kg; Nhat rice at 7,800 - 8,000 VND/kg; and Nang Nhen (dried) rice at 20,000 VND/kg.
By-product prices today, September 7, 2024
In addition, the glutinous rice market remained stable compared to yesterday. IR 4625 glutinous rice (fresh) was priced at 7,400 - 7,600 VND/kg, unchanged from yesterday. An Giang glutinous rice (fresh) was priced at 7,000 - 7,200 VND/kg, also unchanged from yesterday.
Regarding by-products, the prices of various by-products fluctuate between 6,700 and 9,300 VND/kg. Currently, the price of OM 5451 broken rice has dropped to 8,700 - 9,000 VND/kg, a decrease of 100 VND/kg; the price of dry rice bran has dropped to 6,700 - 6,800 VND/kg, a decrease of 50 VND/kg.
Today's export rice prices (September 7, 2024)
On the export market, Vietnamese rice export prices remained unchanged compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was priced at US$452/ton; standard 5% broken rice at US$575/ton; and 25% broken rice at US$535/ton.
