Rice prices today (December 24): Quiet trading at the end of the harvest season.
The rice market in the Mekong Delta remained stable on December 24th due to limited supply. Both domestic and export transactions slowed down, awaiting signals from the new harvest.
The domestic market has slowed down.
As of December 24th, the rice market in the Mekong Delta region is experiencing a quiet period, with prices remaining stable compared to previous days. The main reason identified is the limited supply of rice remaining at the end of the harvest season, while buying and selling transactions are slow.
According to the Department of Agriculture and Environment of An Giang province, the prices of common fresh rice varieties have not changed significantly.
Price list for fresh rice at the field.
| rice variety | Price (VND/kg) |
|---|---|
| OM 18 | 6,400 – 6,600 |
| Fragrance Channel 8 | 6,400 – 6,600 |
| OM 4218 | 6,000 – 6,200 |
| OM 5451 | 5,500 – 5,600 |
| IR 50404 | 5,300 – 5,400 |
| OM 34 | 5,200 – 5,400 |
Observations in key localities such as Can Tho, Dong Thap, An Giang, Ca Mau, and Vinh Long show that trading activity is sparse. Many traders and business partners are only engaging in sporadic transactions, and some large warehouses in An Giang have temporarily suspended purchasing.
Prices of raw and finished rice
For rice, both raw material and finished product prices remained stable. In localities such as Lap Vo and Sa Dec (Dong Thap province), the supply was low and the market demand was weak, leading some buyers to slightly pressure prices.
| type of rice | Price (VND/kg) |
|---|---|
| IR 504 raw rice | 7,550 – 7,650 |
| Dai Thom 8 raw rice | 8,900 – 9,000 |
| OM 5451 raw rice | 8,150 – 8,300 |
| OM 18 raw rice | 8,500 – 8,600 |
| Finished IR 504 rice | 9,500 – 9,700 |
The market for by-products also remained stable, with broken rice prices fluctuating around 7,500 – 7,600 VND/kg and bran at 10,000 – 11,000 VND/kg.
At retail markets, prices for all types of rice, from common to premium, remain unchanged. Nang Nhen rice still maintains the highest price, around 28,000 VND/kg, while regular rice ranges from 11,500 to 12,000 VND/kg.
The export market is stable.
On the world market, the export price of Vietnamese rice continues to remain stable. According to the Vietnam Food Association (VFA), there have been no new adjustments to the prices of major rice varieties.
| Type of rice for export | Price (USD/ton) |
|---|---|
| Fragrant rice with 5% broken grains | 435 – 460 |
| Jasmine rice | 453 – 457 |
| 100% broken rice | 319 – 323 |
Experts believe that both the domestic and export markets are currently in a wait-and-see phase. Limited supply at the end of the season and no significant surge in demand are the main factors keeping prices stable. The market is expected to show clearer signals when the new harvest begins, providing impetus for transactions in the coming period.