Rice prices on April 28th: Domestic market remains stable, export rice maintains the $500/ton mark.
Today's rice prices in the Mekong Delta remain subdued due to limited supply. Meanwhile, the export price of Vietnam's 5% broken rice continues to maintain a significant advantage over competitors from Thailand and India.
The rice market in the Mekong Delta region remained stable on April 28th, but trading was relatively slow. According to surveys, buying and selling activity in many localities was sluggish due to limited rice supply in the fields, while purchasing warehouses maintained a cautious attitude.
Fresh rice prices remain stable within a narrow range.
In An Giang province, fresh rice prices remained low, fluctuating only slightly compared to the previous session. Specifically, OM 18 and Dai Thom 8 rice varieties were priced at 6,000 – 6,100 VND/kg. Other popular varieties such as OM 5451 maintained a price of 5,600 – 5,700 VND/kg; IR 50404 fluctuated around 5,400 – 5,500 VND/kg, while OM 34 was lower at 5,100 – 5,200 VND/kg.
| type of rice | Price (VND/kg) |
|---|---|
| OM 18 / Fragrant Radio 8 | 6,000 – 6,100 |
| OM 5451 | 5,600 – 5,700 |
| IR 50404 | 5,400 – 5,500 |
| OM 34 | 5,100 – 5,200 |
Harvesting conditions in provinces like Can Tho and Tay Ninh show that the unharvested area is still small, encouraging farmers to maintain high prices. However, in other localities such as Ca Mau, Vinh Long, and Dong Thap, the market is quite quiet, with only a trickle of goods arriving at warehouses.
Raw rice and finished rice prices remain relatively stable.
The price levels of raw and finished rice remained stable on April 28th. IR 504 raw rice was trading at around 8,400 – 8,450 VND/kg; OM 18 rice at 8,700 – 8,850 VND/kg; while Dai Thom 8 rice was priced higher, fluctuating between 9,200 – 9,400 VND/kg. Finished IR 504 rice was recorded at 10,090 – 10,750 VND/kg.
In the Sa Dec area of Dong Thap province, the amount of rice arriving at warehouses is very limited, and many units have temporarily suspended purchasing activities to await new market developments. The An Cu area also recorded small-scale transactions, with no significant price increase.
Regarding by-products, the price of grade 2 rice is currently at 7,250 – 7,350 VND/kg. Notably, the price of rice bran remains quite high, at 10,500 – 11,500 VND/kg.
Retail market and export rice prices
At local markets, rice prices remain stable compared to previous days. Nang Nhen rice is currently the most expensive, reaching 28,000 VND/kg. Thai fragrant rice and Huong Lai rice range from 20,000 to 22,000 VND/kg. Common white rice and regular rice are more affordable, typically ranging from 13,000 to 16,000 VND/kg.
On the international market, according to the Vietnam Food Association (VFA), the export price of Vietnamese rice continues to maintain its position. Specifically, 5% broken rice is offered at 490-500 USD/ton; Jasmine rice at 486-490 USD/ton and 100% broken rice ranging from 336-340 USD/ton.
Compared to its competitors, Vietnamese rice prices are currently significantly higher. Thai 5% broken rice is currently priced at only $388-$392 per ton, while Indian rice maintains a price of $346-$350 per ton. This difference reflects the quality and stable demand for Vietnamese fragrant and high-quality rice varieties in the global market.
