Rice market on May 29: Bran decreased sharply, rice increased slightly, Thai rice exports decreased sharply compared to last year

Rice price today May 29

In the Mekong Delta, the supply of 50404 and OM 380 varieties is low, prices fluctuate little, and warehouses are buying moderately. In An Giang, the supply is low, buying and selling transactions are regular, and prices are stable. In Lap Vo (Dong Thap), the supply is sporadic, and prices of all types of rice fluctuate little. In Sa Dec (Dong Thap), buying and selling transactions are still slow, and prices are stable.

Sa Dec market canal (Dong Thap), low volume, market warehouses buy regularly, prices of all types of rice are stable. At An Cu (Cai Be, Tien Giang), there is no rice, good rice is rare and easy to sell, warehouses buy slowly, prices are stable.

According to records, the price of raw rice today in the Mekong Delta region increased slightly compared to the previous day. Specifically, raw rice OM 380 was traded in the range of 8,050 - 8,250 VND/kg, an increase of 50 VND/kg. Raw rice OM 5451 recorded an increase of 100 VND/kg, up to 9,500 - 9,600 VND/kg. Meanwhile, other rice varieties remained stable, raw rice IR 504 remained at 8,250 - 8,350 VND/kg. CL 555 is currently at 8,600 - 8,800 VND/kg. OM 18 is at 10,200 - 10,400 VND/kg. Jasmine rice is at 17,000 - 18,000 VND/kg.

At retail markets, rice prices have not recorded any new adjustments. Fragrant rice is commonly priced at VND18,000 - 22,000/kg. Regular rice is VND15,000 - 16,000/kg. Thai fragrant rice is VND20,000 - 22,000/kg. Huong Lai is listed at VND22,000/kg. Nang Nhen rice remains the highest at VND28,000/kg. The glutinous rice segment has not changed. IR 4625 glutinous rice (dry) fluctuates from VND9,700 - 9,900/kg. Other fresh and dry glutinous rice varieties maintain prices from VND7,700 - 8,000/kg.

By-products decreased sharply. Specifically, the price of bran decreased by 400 VND/kg, down to 7,800 - 7,900 VND/kg. The price of OM 5451 broken rice remained at 7,500 - 7,600 VND/kg. Rice husk remained at 1,000 - 1,150 VND/kg.

Regarding domestic rice prices, it was noted in many localities today that dry rice transactions were slow, with buyers offering high prices. Early summer-autumn rice supplies were sparse, with prices fluctuating slightly. In Tien Giang, buying and selling transactions were slow, with some traders buying at high prices now reselling.

In Long An, new rice transactions are quite slow, traders are buying sparingly. In Can Tho, demand for new Summer-Autumn rice is still slow, prices are stable.

In Dong Thap, rice harvest is sporadic, purchasing power is slow, and prices are relatively stable. In An Giang, summer-autumn rice harvest is sporadic, buying and selling is slow, and prices are stagnant. In Kien Giang, early summer-autumn rice harvest is low, traders are slow to buy, and prices fluctuate little.

According to the update from the Department of Agriculture and Environment of An Giang province, rice prices today continued to move sideways for the second consecutive day. The purchasing price of Dai Thom 8 (fresh) and OM 18 (fresh) rice is at 6,800 VND/kg. Nang Hoa 9 rice fluctuates from 6,650 - 6,750 VND/kg. IR 50404 (fresh) rice is at 5,300 - 5,500 VND/kg. OM 380 (fresh) rice remains at 5,200 - 5,400 VND/kg. OM 5451 is currently at 6,000 - 6,200 VND/kg.

Export rice price

In the export market, according to the Vietnam Food Association (VFA), the export price of 5% broken rice from Vietnam remains stable at 397 USD/ton. This price is lower than the same product priced at 403 USD/ton from Thailand. However, it is still higher than the price of 384 USD/ton from India and 392 USD/ton from Pakistan.

Thai rice exports in the 2024-25 crop year are expected to reach just 7.1 million tonnes, down 28.2% year-on-year, Platts said. Prices for 100% Grade B Thai Hom Mali fragrant rice rose to a more than six-month high of $1,084 per tonne FOB FCL on May 26, up $125 from the previous month, according to Platts. The main reasons were tight supplies and strong demand from the US during the 90-day tariff suspension period.

Mr. Wanniwat Kitireanglarp, ​​Deputy Secretary General of the Thai Rice Exporters Association, said that this type of rice is only harvested once a year, so the pressure of supply and demand could cause the price to exceed the threshold of 1,100 USD/ton in the near future. Some exporters also expect the price to continue to increase until the next harvest season in November-December.

Regarding the situation on May 28, the rice market maintained a stable momentum in areas with low sources, buying and selling transactions were steady, and prices fluctuated slightly. Raw rice prices in the Mekong Delta remained unchanged compared to yesterday. Retail rice prices at the market did not record any adjustments. Rice prices on May 28 remained stable compared to the previous day according to an update from the Department of Agriculture and Environment of An Giang province.

At the Thailand Rice Conference (TRC 2025), the Thai Minister of Commerce affirmed that he will develop the rice industry by improving product quality, expanding new markets, targeting the EU, Japan and the Middle East, in line with the policy of "Thailand - Kitchen of the World".

TRC 2025 is expected to help Thailand secure more than 100,000 tons of orders, bringing in more than 2 billion baht. The full-year export target remains at 7.5 million tons. The president of the Thai Rice Exporters Association said the US tariffs were not a concern, but he was concerned that India's return to the market and rising global production could affect exports.