Rice price today January 9, 2025: Rice price increases, paddy price decreases
Rice price today January 9, 2025: Rice prices in the Mekong Delta region fluctuated, some rice products continued to decrease compared to yesterday.
Domestic rice price
Rice prices today, January 9, in the Mekong Delta region fluctuated, with some rice products continuing to decrease compared to yesterday.
In particular, for rice, according to the update from the Department of Agriculture and Rural Development of An Giang province, raw rice IR 504 increased by 150 VND/kg, fluctuating at 7,650 - 7,750 VND/kg; finished rice IR 504 decreased by 100 VND/kg, fluctuating at 9,800 - 10,000 VND/kg.
Recorded in localities today, the amount of incoming rice is small, new transactions are slow. In Lap Vo - Vam Cong (Dong Thap), rice is coming in slowly, warehouses buy little, prices increase slightly compared to yesterday. In Sa Dec (Dong Thap), the amount of incoming rice is small, prices of all kinds of rice have slightly increased again.
Sa Dec market canal (Dong Thap), the quantity is low, the price of all kinds of rice has increased slightly, the market warehouses buy little by little. At An Cu (Cai Be, Tien Giang), the quantity is low, there are few buyers, the price of all kinds of rice has increased slightly.
At retail markets, rice prices are stable compared to 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 is 18,000 - 20,000 VND/kg; Nang Hoa rice is 21,500 VND/kg; long-grain fragrant rice is 20,000 - 22,000 VND/kg; Huong Lai rice is 22,000 VND/kg; common white rice is 17,500 VND/kg; Taiwanese fragrant rice is 21,000 VND/kg; Soc regular rice is 18,500 VND/kg; Soc Thai rice is 21,000 VND/kg; Japanese rice is 22,500 VND/kg.
Regarding rice, the current price of IR 50404 rice (fresh) decreased by 100 VND, fluctuating at 7,200 - 7,300 VND/kg; OM 5451 rice decreased by 200 VND, fluctuating at 7,600 - 7,800 VND/kg; OM 18 rice (fresh) decreased by 200 VND, fluctuating at 7,800 - 8,000 VND/kg; Dai Thom 8 rice (fresh) decreased by 200 VND, fluctuating at 7,800 - 8,000 VND/kg; OM 380 rice was at 6,600 - 6,700 VND/kg; Nang Hoa 9 rice was at 9,200 VND/kg; and Nhat rice was at 7,800 - 8,000 VND/kg.
In many localities today, new rice transactions are slow due to continuous fluctuations in rice prices. In An Giang, farmers are offering to sell early winter-spring rice in Tri Ton, but many traders still do not dare to buy new rice.
In Bac Lieu, demand has improved, prices are stable this morning. In Soc Trang, although rice prices are of good quality, demand has improved since yesterday afternoon. In Dong Thap, farmers are offering reduced prices but there are few buyers.
The sticky rice market today recorded no new fluctuations. Currently, the price of Long An sticky rice (fresh) remains at 7,800 - 8,000 VND/kg; 3-month-old Long An sticky rice remains at 9,800 - 10,000 VND/kg.
The prices of various by-products today are stable, fluctuating between 5,950 - 7,400 VND/kg. Currently, the price of fragrant rice bran remains at 7,200 - 7,400 VND/kg; the price of dry bran fluctuates between 5,950 - 6,050 VND/kg.
Export rice price
In the export market, Vietnam's rice export prices today decreased slightly compared to the beginning of the week. According to the Vietnam Food Association (VFA), currently 5% standard rice is at 460 USD/ton; 25% broken rice is at 432 USD/ton; 100% broken rice is at 327 USD/ton.
In Thailand, the export price of 5% broken rice also decreased slightly by 2 USD/ton, down to 492 USD/ton - still the highest price among the top 4 rice exporting countries.
In Pakistan, the price of 5% broken rice remained at $449 per tonne. Accordingly, the price of 5% broken parboiled rice and white rice from India remained at $440 per tonne and $447 per tonne, respectively.
According to forecasts from reputable organizations such as the US Department of Agriculture, global rice demand in 2025 will remain high, especially in countries like the Philippines, where rice is an important part of the daily diet. Therefore, businesses in the rice industry need to remain calm and should not rush to reduce prices to compete. The race to reduce prices can lead to negative consequences, not only reducing profits but also affecting the sustainable development of the entire industry. Instead of competing only on price, businesses can look for other solutions to increase product value, improve quality, and optimize production processes to increase productivity and efficiency.
Currently, Vietnam is about to enter the winter-spring crop, businesses need large financial resources to purchase rice from farmers. To stop the current price decline and have a reserve source to serve long-term export needs, there needs to be a policy to support businesses in terms of capital and interest rates.
