Rice price today August 27, 2024: Domestic rice price increased slightly
Rice prices today, August 27, 2024: Domestic rice prices increased slightly. Specifically, the price of raw IR 504 Summer-Autumn rice increased by 50 - 150 VND/kg; finished IR 504 rice increased by 50 VND/kg.
Domestic rice price today
The rice market situation in the Mekong Delta today has few arrivals, prices increased slightly and transactions did not take place much.
The current price of IR 504 Summer-Autumn raw rice is 11,450 - 11,600 VND/kg, 50 - 150 VND/kg higher than yesterday.
The price of IR 504 finished rice is currently 13,450 - 13,550 VND/kg, an increase of 50 VND/kg compared to yesterday.
In retail markets, rice prices remained unchanged, with Nang Nhen rice having the highest price of 28,000 VND/kg.
Other types of rice are priced as follows: Jasmine rice 18,000 - 20,000 VND/kg, Nang Hoa rice 20,000 VND/kg, and regular rice 15,000 - 16,000 VND/kg.
Fragrant rice costs between VND20,000 and VND21,000 per kilogram depending on the type, while common white rice costs VND17,000 per kilogram.
Thai Soc rice and Japanese rice are priced at 20,000 VND/kg and 22,000 VND/kg respectively.
Domestic rice price today
According to the latest information from the Department of Agriculture and Rural Development of An Giang province, rice prices today remain unchanged compared to yesterday.
Specifically, the price of IR 50404 rice is currently between 7,800 and 8,000 VND per kilogram.
Dai Thom 8 rice costs from 8,400 to 8,600 VND/kg.
OM 5451 rice is sold at a price of 8,200 to 8,400 VND/kg. OM 18 rice prices range from 8,600 to 8,800 VND/kg. OM 380 rice is priced from 7,600 to 7,800 VND/kg.
Japanese rice is traded at prices ranging from 7,800 to 8,000 VND/kg.
Dried Nang Nhen rice has a higher price, at 20,000 VND/kg.
Domestic by-product prices today
Today's sticky rice price is unchanged from yesterday. Specifically, IR 4625 sticky rice is priced from 7,400 to 7,600 VND per kg, unchanged.
An Giang sticky rice also remains the same in price, ranging from 7,000 to 7,200 VND per kg.
Rice export price today
Vietnam's current rice export prices are unchanged from yesterday. 100% broken rice is priced at $440 per ton. Standard rice with 5% broken rice is priced at $578 per ton. Rice with 25% broken rice is sold at $544 per ton.
Vietnam’s rice export prices rose to their highest level in nearly three months, reaching $578 per tonne for 5% broken rice on August 22, up $8 from the previous week. The increase was due to supply constraints, largely the result of the end of the summer-autumn harvest and unfavorable weather.
An imbalance between supply and demand has occurred due to high rice prices, leading to reduced demand.
The rice price increase is not only happening in Vietnam but also in other major rice producing countries in Asia, including India, where rice prices have increased by $5-9 per ton.
Exporters are considering adjusting prices in preparation for the new crop season, hoping to raise support prices and secure profits.
In Thailand, the price of 5% broken rice also increased slightly, to 570 USD/ton, mainly due to the impact of exchange rates, while consumption demand remained stable.
Despite the recommendation, farmers in Soc Trang sowed autumn-winter rice early, with prices increasing by VND1,000-1,200/kg compared to last year, accepting the associated risks.