Rice prices increased by 50-150 VND/kg, while paddy prices remained stable.

Rice prices today, August 5, 2024: Rice prices increased by 50-150 VND/kg, paddy prices remained 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.

Regarding rice, observations in various localities show that rice trading is sluggish, supply is limited, prices remain stable, and farmers are offering slightly higher prices. In Can Tho , farmers are offering their autumn-winter rice at stable prices. In Soc Trang, traders are showing considerable interest in buying, but transactions are proceeding at a slow pace.

Specifically, according to updates from the Department of Agriculture and Rural Development of An Giang province, 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 7,500 - 7,700 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 7,200 - 7,400 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 11,150-11,300 VND/kg, an increase of 100-150 VND/kg; finished IR 504 rice is priced at 13,250-13,400 VND/kg, an increase of 50-100 VND/kg.

By-product prices today have seen adjustments compared to yesterday. Currently, the price of OM 5451 broken rice has increased to 9,100 - 9,300 VND/kg, a rise of 100 VND/kg; while the price of dry rice bran remains stable at 7,200 - 7,300 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$435/ton; standard 5% broken rice remained stable at US$559/ton; and 25% broken rice was priced at US$524/ton.

According to a report by the Ministry of Agriculture and Rural Development, in the first seven months of 2024, Vietnam exported 5.18 million tons of rice worth US$3.27 billion, an increase of 25.1% in volume and 5.8% in value compared to the same period last year. The area planted with rice reached 6.25 million hectares, an increase of 0.2% compared to the same period last year; harvested 3.82 million hectares, an increase of 1.3%; average yield was 65.6 quintals/hectare, an increase of 0.5 quintals/hectare; and rice production from harvested area reached 25 million tons, an increase of 2%.

This growth not only reflects the continuous efforts of Vietnamese businesses in improving product quality and expanding markets, but also opens up great expectations for rice exports in the second half of 2024.

This information is for reference only.