Rice prices today, October 2, 2024: Rice prices slightly decreased, paddy prices remained stable.
Rice prices today, October 2nd, 2024: Rice prices in the Mekong Delta region recorded a slight decrease. Paddy prices remained stable today with no major fluctuations.
Rice prices today, October 2, 2024
The Mekong Delta region recorded a decrease in rice prices today. The rice market in Soc Trang and Dong Thap is quiet with few transactions, especially for lower-quality rice. An Giang also saw a slight decrease in rice prices.
IR 504 summer-autumn rice is currently priced at 9,700 - 9,800 VND/kg, a decrease of 500 VND compared to the previous day.
Finished IR 504 rice is currently priced at 12,200 - 12,400 VND/kg.
At local markets, rice prices haven't changed much, with varieties like Nang Nhen, Jasmine, and long-grain fragrant rice ranging from 15,000 to 28,000 VND/kg.
Japanese rice is the most expensive, priced at 22,000 VND/kg.
Rice prices today, October 2, 2024
The An Giang Department of Agriculture and Rural Development announced that rice prices on October 2nd remained largely unchanged compared to yesterday.
Common rice varieties such as IR 50404, Dai Thom 8, OM 5451, OM 18, OM 380, and Japanese rice are purchased at prices ranging from 7,200 to 8,000 VND/kg.
Dried Nàng Nhen rice fetches the highest price, at 28,000 VND/kg.
By-product prices today, October 2, 2024
The market for agricultural by-products has recently seen minor price fluctuations. Prices currently range from 5,950 VND to 10,000 VND per kilogram.
Specifically, the price of OM 5451 steel sheets has decreased, currently ranging from 9,500 to 9,600 VND/kg, a reduction of approximately 100 to 400 VND.
The price of dry animal feed has increased slightly, now ranging from 6,000 to 6,100 VND/kg, a rise of 50 VND.
Glutinous rice prices remained unchanged compared to the previous day. Long An IR 4625 glutinous rice (dry) was priced from 9,500 to 9,700 VND/kg. Long An 3-month glutinous rice (dry) was priced from 9,800 to 10,000 VND/kg.
Today's export rice prices
According to the Vietnam Food Association (VFA), Vietnam's export rice prices remain stable, with 100% broken rice at $454/ton, standard 5% broken rice at $562/ton, and 25% broken rice at $530/ton.
Vietnam, a country renowned for rice exports, imported rice worth up to $1 billion in the first nine months of 2024. This marks the first time in Vietnam's history that rice imports have reached this billion-dollar mark.
During the same period, Vietnam exported 7 million tons of rice, earning $4.37 billion, an increase of 9.2% in volume and 23.5% in value compared to the previous year.
Since the beginning of the year, rice imports have increased by 154.2%, costing $117 million. The total cost of rice imports in the first nine months was $996 million, a 57.3% increase compared to the previous year and higher than the $860 million recorded in 2023.
If this trend continues, rice imports could reach $1.3 billion by the end of 2024.
Although Vietnam is the world's second-largest rice exporter, it still imports rice to meet diverse production needs, such as ingredients for cakes, vermicelli, pho, and other consumer demands.