Rice prices on February 11th: The market remained stable, OM 18 rice remained steady at 6,700 VND/kg.
The rice market in the Mekong Delta on February 11th remained stable with low trading volume. The price of fragrant rice remained high, while export rice prices showed no new fluctuations.
The rice market in the Mekong Delta region remained stable on February 11th, with no price fluctuations recorded. According to updated data from the Department of Agriculture and Environment of An Giang province, the prices of major fresh rice varieties remained unchanged from the previous session amidst relatively quiet market trading.
Prices of fresh rice in the Mekong Delta region
Currently, the price of fresh rice in the Mekong Delta provinces is fluctuating within a narrow range. High-quality and fragrant rice varieties continue to maintain good prices. Specifically:
| type of rice | Price (VND/kg) |
|---|---|
| IR 50404 | 5,400 – 5,500 |
| OM 5451 | 5,800 – 6,000 |
| OM 4218 | 6,200 – 6,400 |
| OM 18 | 6,500 – 6,700 |
| Fragrance Channel 8 | 6,500 – 6,700 |
| OM 34 | 5,200 – 5,400 |
In localities such as An Giang, Can Tho, Dong Thap, and Ca Mau, trading activity is slow. Traders in An Giang said they are mainly exploring and inquiring about purchasing Japonica rice for the harvest after Tet, but the number of confirmed orders is still low. In Can Tho and Vinh Long, farmers are focusing on selling the rice fields that will be harvested after the holiday.
Trends in the prices of raw and finished rice
For rice intended for export, prices of various varieties fluctuated within a narrow range today. The specific prices are recorded as follows:
- Rice as the main ingredient:IR 504 is priced at 8,000 – 8,100 VND/kg; OM 5451 at 8,800 – 8,900 VND/kg; OM 18 fluctuates from 8,900 – 9,100 VND/kg.
- Finished rice:IR 504 rice reached 9,500 – 9,700 VND/kg; Dai Thom 8 rice fluctuated from 8,650 – 8,800 VND/kg.
In the retail market, the prices of basic domestic rice varieties remained unchanged. Nang Nhen rice maintained the highest price at 28,000 VND/kg. Other popular varieties such as Huong Lai rice were priced at 22,000 VND/kg, common white rice at 16,000 VND/kg, and regular rice ranged from 12,000 to 13,000 VND/kg.
Rice export prices on the international market
According to a report from the Vietnam Food Association, the export price of Vietnamese rice continues to remain stable, with no new adjustments compared to previous trading sessions. Specifically:
| Rice varieties | Export price (USD/ton) |
|---|---|
| Fragrant rice with 5% broken grains | 415 – 430 |
| Jasmine rice | 426 – 430 |
| 100% broken rice | 315 – 319 |
Overall, the domestic rice market is entering a cautious trading phase due to the wait-and-see attitude of all parties ahead of the major harvests after the Lunar New Year. Experts predict that prices are unlikely to experience a sudden surge in the short term as supply and export demand are currently in balance.
