Rice prices on April 16th: Market remains stable, Dai Thom 8 rice maintains at 6,100 VND/kg.
The rice market in the Mekong Delta on April 16th recorded slow trading despite abundant supply. Prices for fresh paddy remained stable, with 5% broken rice for export maintaining at 460-465 USD/ton.
The rice market in the Mekong Delta region on April 16th remained stable, with prices showing little change compared to the previous session. Although current supply is quite abundant, demand from warehouses and export businesses has not shown signs of improvement, resulting in sluggish trading activity in many localities.
Details of rice prices in the Mekong Delta region.
According to updates from the An Giang Department of Agriculture and Environment, the price of fresh rice is fluctuating within a narrow range. Farmers in some areas are still maintaining high asking prices for fragrant rice varieties, however, the actual transaction volume remains limited.
| type of rice | Price (VND/kg) |
|---|---|
| OM 18 | 5,800 – 6,100 |
| Fragrance Channel 8 | 5,800 – 6,100 |
| OM 5451 | 5,500 – 5,600 |
| IR 50404 | 5,400 – 5,600 |
| OM 34 | 5,100 – 5,200 |
In Ca Mau, rice is in its peak harvesting season, but the prices of fragrant rice and ST rice varieties remain stable. Meanwhile, areas such as Dong Thap, Can Tho, Tay Ninh, and Vinh Long are experiencing slow trading, with traders mainly buying cautiously to observe market signals.
Prices of raw and finished rice for export.
Similar to paddy rice, the price of raw rice for export has not seen significant fluctuations. Specifically, IR 504 rice remains at 8,000 – 8,050 VND/kg; OM 18 fluctuates between 8,700 – 8,900 VND/kg; and Dai Thom 8 reaches 9,200 – 9,400 VND/kg. For finished rice, IR 504 is currently being offered at 9,500 – 9,700 VND/kg.
In the retail market, the price of common rice varieties ranges from 13,000 to 16,000 VND/kg. High-quality rice varieties such as Nang Nhen rice maintain their price at 28,000 VND/kg; Japanese rice and Huong Lai rice are both at 22,000 VND/kg.
Comparing export rice prices on the international market.
According to the Vietnam Food Association (VFA), Vietnamese rice export prices continue to maintain a price advantage over major competitors such as Thailand and India in many segments. Below is a table comparing the prices of 5% broken rice and 100% broken rice among major exporting countries:
| Nation | 5% broken rice (USD/ton) | 100% Broken Rice (USD/ton) |
|---|---|---|
| Vietnam | 460 – 465 | 333 – 337 |
| Thailand | 378 – 382 | 357 – 361 |
| India | 336 – 340 | 284 – 288 |
In the short-term outlook, experts predict the market may experience a slight upward correction as supply enters the transition period between the winter-spring and summer-autumn crops at the end of May. The temporary shortage of goods during this period often puts upward pressure on prices before the start of the new harvest season.
