Rice price today August 23, 2024: Rice price fluctuates
Rice price today August 23: Domestic rice price adjusted up 100 VND/kg and rice price down 50 VND/kg. Dry rice trading market is slow, many people stop buying because rice price is too high, price trend is down.
Rice price today August 23
In the Mekong Delta, rice supply decreased slightly today, leading to limited purchases.
The price of IR 504 Summer-Autumn rice is currently 11,500 - 11,600 VND/kg, down 50 VND compared to yesterday. Finished IR 504 rice also decreased 50 VND, down to 13,550 - 13,650 VND/kg.
In retail markets, rice prices remained unchanged. Nang Nhen rice had the highest price of VND28,000/kg. Other types of rice such as Jasmine, Nang Hoa, and regular rice were priced from VND15,000/kg to VND21,000/kg.
Rice price today August 23
In the Mekong Delta, rice prices on August 23 saw a slight increase, while prices of some types of rice decreased slightly.
According to information from the Department of Agriculture and Rural Development of An Giang province:
IR 50404 rice price today is from 7,800 to 8,000 VND/kg.
Dai Thom 8 rice is priced from 8,400 to 8,600 VND/kg, an increase of 100 VND compared to yesterday.
OM 5451 rice is sold at a price of 8,200 to 8,400 VND/kg.
OM 18 rice costs from 8,500 to 8,700 VND/kg.
OM 380 rice prices range from 7,800 to 8,000 VND/kg.
Japanese rice costs from 7,800 to 8,000 VND/kg.
Dried Nang Nhen rice is sold at 20,000 VND/kg.
By-product price today August 23
Today's sticky rice price decreased slightly compared to yesterday:
IR 4625 sticky rice decreased by 50 to 100 VND, currently priced at 7,500 to 7,650 VND per kg.
An Giang sticky rice remains the same price, ranging from 7,000 to 7,200 VND per kg.
By-product prices remain unchanged from yesterday:
OM 5451 sheet costs from 9,400 to 9,600 VND per kg.
Dry bran costs from 7,150 to 7,250 VND per kg.
Export rice price on August 23
Vietnam's rice export prices remained unchanged from yesterday. 100% broken rice was priced at $440 per ton, 5% broken rice at $578 per ton, and 25% broken rice at $541 per ton, according to the Vietnam Food Association.
Since the Vietnam-EU Free Trade Agreement (EVFTA) came into effect four years ago, Vietnam's exports to the EU have reached nearly US$170 billion, up 50%.
Agricultural products, especially rice, are one of the main export products, with an annual growth rate of 15%.
Thanks to EVFTA, rice exports to the EU in 2023 increased by 10%, reaching 104,000 tons and 71.7 million USD.
Vietnam has exceeded its rice export quota to the EU of 80,000 tons/year, exporting to 26 of the 27 EU member states. In the first quarter of this year, rice exports to the EU increased by nearly 118%, with 46,000 tons and 41.4 million USD.
Although the EU is not the largest market for Vietnamese rice, they are willing to pay high prices for quality products, such as ST25 rice, which is popular in many member countries.