Rice prices today, August 2, in the Mekong Delta region, have decreased with rice. Rice prices have decreased by 100 - 150 VND/kg, rice prices remain stable. Rice market transactions are stable.

Regarding rice, in localities, rice prices increased slightly, and transactions were slow. Specifically, in Can Tho, demand for Autumn-Winter rice was quite high, and transactions were stable. In Long An, demand for rice was quite high, rice prices increased slightly, and rice quality was good. In An Giang, new rice transactions slowed down because there was little available rice and prices were high.

Rice price today, August 2: Rice price decreased by 100-150 VND/kg; rice price remained stable

In the rice market, today's rice prices recorded no change compared to yesterday, IR 50404 prices fluctuated around 6,900 - 7,000 VND/kg; Dai Thom 8 rice was at 7,400 - 7,600 VND/kg; OM 5451 rice was at 7,000 - 7,200 VND/kg; OM 18 rice was at 7,400 - 7,600 VND/kg; OM 380 fluctuated from 6,800 - 7,000 VND/kg; Nhat rice was at 7,800 - 8,000 VND/kg; Nang Hoa 9 was at 6,900 - 7,000 VND/kg, and Nang Nhen rice (dry) was at 20,000 VND/kg.

Accordingly, the sticky rice market recorded no adjustment compared to yesterday. Long An sticky rice (dried) 7,000 - 7,900 VND/kg, stable compared to yesterday. IR 4625 sticky rice (fresh) 7,300 - 7,500 VND/kg. Long An sticky rice (fresh) 7,400 - 7,600 VND/kg. An Giang sticky rice (fresh) 7,000 - 7,200 VND/kg, unchanged compared to yesterday.

Regarding rice, rice prices recorded an adjustment compared to yesterday. Specifically, IR 504 summer-autumn raw rice was at 11,100 - 11,250 VND/kg, down 100 - 150 VND/kg; IR 504 finished rice was at 13,300 - 13,400 VND/kg, down 100 VND/kg.

By-products today recorded an adjustment compared to yesterday. Currently, the price of IR 504 sheet has decreased to 9,000 - 9,100 VND/kg; down 100 VND/kg; the price of dry bran is stable at 7,200 - 7,300 VND/kg.

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

Specifically, in An Cu (Soc Trang), the supply is low, the rice is weak, the price is stable, and the warehouse purchases are slow. In Lap Vo (Dong Thap), the supply is low, the price is stable, the warehouse purchases are moderate, and the rice price is stable.

At retail markets, rice prices have not been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND30,000/kg; Jasmine rice is VND18,000 - 20,000/kg; Nang Hoa rice is VND20,000/kg; regular rice fluctuates around VND15,000 - 16,000/kg; long-grain fragrant rice is VND20,000 - 21,000/kg; Huong Jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; regular Soc rice is VND18,500/kg; Thai Soc rice is VND20,000/kg; Japanese rice is VND22,000/kg.

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

According to forecasts, Vietnam's rice exports will pick up by the end of 2024 as import demand from traditional customers increases. However, India's consideration of easing its rice export policy or the risk that Vietnam will not have enough rice to export are considered factors that could cause fluctuations in the rice export market by the end of 2024...

Thailand is expected to export 8.2 million tonnes of rice this year, up from a previous forecast of 7.5 million tonnes, thanks to demand from major markets, higher expected output and a weak local currency, the Commerce Ministry said.

Thailand exported 5.08 million tonnes of rice in the first half of 2024, up 25% from a year earlier. Rice exports were supported by demand from major markets, including Indonesia and the Philippines, and a weak baht.

Information for reference only