Rice prices decreased by 100-150 VND/kg; paddy prices remained stable.

On the rice market, today's rice prices remain unchanged compared to yesterday. IR 50404 rice is priced around 6,900 - 7,000 VND/kg; Dai Thom 8 rice is priced at 7,400 - 7,600 VND/kg; OM 5451 rice is priced at 7,000 - 7,200 VND/kg; OM 18 rice is priced at 7,400 - 7,600 VND/kg; OM 380 rice ranges from 6,800 - 7,000 VND/kg; Nhat rice is priced at 7,800 - 8,000 VND/kg; Nang Hoa 9 rice is priced at 6,900 - 7,000 VND/kg, and Nang Nhen (dried) rice is at 20,000 VND/kg.

Accordingly, the glutinous rice market remained unchanged compared to yesterday. Long An glutinous rice (dried) is priced at 7,000 - 7,900 VND/kg, stable from yesterday. IR 4625 glutinous rice (fresh) is priced at 7,300 - 7,500 VND/kg. Long An glutinous rice (fresh) is priced at 7,400 - 7,600 VND/kg. An Giang glutinous rice (fresh) is priced at 7,000 - 7,200 VND/kg, unchanged from yesterday.

Regarding rice, prices have been adjusted compared to yesterday. Specifically, IR 504 summer-autumn raw rice is priced at 11,100 - 11,250 VND/kg, a decrease of 100 - 150 VND/kg; finished IR 504 rice is down to 13,300 - 13,400 VND/kg, a decrease of 100 VND/kg.

By-product prices today have seen adjustments compared to yesterday. Currently, the price of IR 504 rice bran has decreased to 9,000 - 9,100 VND/kg, a decrease of 100 VND/kg; while the price of dry rice bran remains stable at 7,200 - 7,300 VND/kg.

The rice market in localities across the Mekong Delta today generally has low supply, the rice is of good quality, and prices have increased slightly.

Specifically, in An Cu (Soc Trang), the supply is low, much of the rice is of poor quality, prices are stable, and warehouses are buying slowly. In Lap Vo ( Dong Thap ), the supply is low, prices are stable, warehouses are buying cautiously, and rice prices are stable.

At retail markets, rice prices remained unchanged for individual rice varieties. Currently, Nang Nhen rice is listed at the highest price of 30,000 VND/kg; Jasmine rice at 18,000 - 20,000 VND/kg; Nang Hoa rice at 20,000 VND/kg; regular white rice fluctuating around 15,000 - 16,000 VND/kg; long-grain Thai fragrant rice at 20,000 - 21,000 VND/kg; Huong Lai rice at 20,000 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; common white rice at 17,000 VND/kg; regular Soc rice at 18,500 VND/kg; Soc Thai rice at 20,000 VND/kg; and Japanese rice at 22,000 VND/kg.

On the export market, Vietnamese rice export prices remained unchanged compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was priced at US$448/ton; standard 5% broken rice remained stable at US$559/ton; and 25% broken rice was priced at US$535/ton.

According to forecasts, Vietnam's rice exports are expected to improve towards the end of 2024 as import demand from traditional customers increases. However, India's consideration of easing its rice export policies and the risk of Vietnam not having enough rice for export are considered factors that could cause significant fluctuations in the rice export market at the end of 2024…

Thailand's Ministry of Commerce said the country expects to export 8.2 million tons of rice this year, up from its previous forecast of 7.5 million tons, thanks to demand from major markets, higher projected yields, and a weaker domestic currency.

In the first half of 2024, Thailand exported 5.08 million tons of rice, a 25% increase compared to the previous year. Rice exports were supported by demand from key markets, including Indonesia and the Philippines, and a weak baht.

This information is for reference only.