Rice price today 5/9/2025: Concerns over India-Pakistan tensions

Rice prices in the domestic market on May 9 continued to be stable. Records in the Mekong Delta showed that supply was still limited and transactions were slow.

In localities such as An Giang, Lap Vo (Dong Thap), Sa Dec and An Cu (Tien Giang), the amount of goods arriving is low, warehouses are buying and selling sparingly, and the market is generally quiet.

Raw rice prices are currently unchanged. IR 504 rice remains at 8,200 - 8,400 VND/kg; CL 555 is around 8,600 - 8,800 VND/kg; OM 18 fluctuates between 10,200 - 10,400 VND/kg; OM 380 is from 7,700 - 7,850 VND/kg; Jasmine maintains the highest price from 17,000 - 18,000 VND/kg.

At retail markets, rice prices remain stable. Fragrant rice is commonly priced at VND18,000 - 22,000/kg; regular rice is VND15,000 - 16,000/kg; Thai fragrant rice is VND20,000 - 22,000/kg; Jasmine remains at VND22,000/kg; Nang Nhen is the most expensive item at VND28,000/kg.

Regarding sticky rice, the price of IR 4625 sticky rice (fresh) fluctuates between 7,700 - 7,900 VND/kg; dry sticky rice is around 9,600 - 9,700 VND/kg.

By-products are generally stable, only bran has decreased slightly by 100 VND, currently at 7,000 - 7,150 VND/kg; broken rice 2 is at 7,100 - 7,200 VND/kg; rice husk price remains stable at around 1,000 - 1,150 VND/kg.

In Can Tho, Dong Thap and Kien Giang provinces, the summer-autumn rice purchasing activity is taking place slowly, but rice prices remain stable. OM 380 rice is priced at 5,600 - 5,900 VND/kg; OM 5451 from 6,400 - 6,600 VND/kg; IR 50404 at 5,800 - 6,000 VND/kg. Fragrant rice varieties such as Dai Thom 8 and other fragrant rice varieties range from 6,550 - 7,000 VND/kg.

In the world market, rice export prices have recorded mixed fluctuations between countries. According to the Vietnam Food Association (VFA), Vietnam's rice export prices remain stable: 100% broken rice at 323 USD/ton, 25% broken rice at 368 USD/ton and 5% broken rice at 398 USD/ton.

Meanwhile, the price of 5% broken rice from Thailand increased by 3 USD, to 410 USD/ton - the highest level currently among major rice exporting countries.

In contrast, the price of the same type of rice from Pakistan and India decreased slightly. Pakistan decreased by 1 USD to 388 USD/ton, while India decreased by 2 USD to 380 USD/ton.

Geopolitical tensions in South Asia are having a significant impact on the markets. On May 7, India launched airstrikes and missiles into Pakistan in response to an attack in the Kashmir region that killed many tourists. Pakistan counterattacked on the morning of May 8. The risk of escalating conflict between the two nuclear powers has deeply concerned the international community.

Experts warn that if the situation continues to worsen, food supply chains in Asia could be severely disrupted. India is currently the world's largest rice exporter, while Pakistan is the fourth largest.

Both are also key suppliers of many essential commodities for the Southeast Asian region, which is heavily dependent on agricultural imports.

In the post-pandemic context and the impact of climate change, any political or supply instability could push world food prices skyrocket, threatening global food security.