AsemconnectVietnam - On Thursday, paddy and rice prices dropped sharply by 400 - 900 VND/kg compared to Yesterday in Vietnam's Mekong Delta region, according to Kinhtedothi.

Accordingly, in An Giang, updated by the Department of Agriculture and Rural Development of An Giang province, the average price of undried paddy purchased by traders at the field has fluctuated around 8,400 - 9,000 VND/kg.
Specifically, the price of IR 504 paddy is priced at 8,400 - 8,600 VND/kg, down 400 VND/kg; Dai Thom 8 at 8,600 - 9,000 VND/kg, down 500 - 700 VND/kg; OM 18 at 8,600 - 9,000 VND/kg, down 400 VND/kg; OM 5451 at 8,400 - 8,800 VND/kg, down 600 - 900 VND/kg; Nang Hoa 9 at 8,600 - 9,000 VND/kg, down 600 - 800 VND/kg.
It was recorded that in the Mekong Delta provinces, new paddy transactions were slow because many traders stopped buying and observed the market.
In the rice market, today, rice prices of all types continued to decrease compared to yesterday. In An Giang, Kien Giang, Dong Thap, rice supply increased but warehouses only bought in moderation, transactions were slow, prices decreased. The sharp drop in prices caused many warehouses to stop grinding rice and wait to observe the market.
Specifically, in An Cu and Cai Be (Tien Giang), the price of OM 18 raw rice is priced at 12,300 - 12,400 VND/kg, down 500 - 600 VND/kg; Taiwan fragrant rice 8 at 12,600 - 12,700 VND/kg, down 300 VND/kg; OM 5451 raw rice at around 11,800 - 11,900 VND/kg, down 300 VND/kg; OM 380 at 11,450 - 11,550 VND/kg, down 450 VND/kg; Japanese raw rice decreased by 400 VND/kg to 12,600 - 12,700 VND/kg; ST 21 raw rice at 13,900 - 14,000 VND/kg, down 200 VND/kg; ST 24 raw rice at 14,400 - 14,600 VND/kg, down 200 VND/kg.
In the export market, Vietnam's export rice prices dropped sharply from 8 - 25 USD/tonne. According to the Vietnam Food Association (VFA), the current price of 25% broken rice decreased by 8 USD/tonne to 608 USD/tonne; 5% broken rice fell by 10 USD/tonne to 628 USD/tonne; 100% broken rice fell by 25 USD/tonne to 508 USD/tonne.
At the beginning of the year, many Vietnamese agricultural and food product groups received more orders from many global buyers. For instance, seven Vietnamese enterprises won 10/17 bidding packages to supply over 300,000 tonnes of rice to Indonesia. Enterprises are also continuing to participate in other Indonesian bidding packages as the country has announced plans to continue importing 2 million tonnes of rice in 2024.
In addition, Korea has given Vietnam a total quota of 55,000 rice tonnes. Particularly in the Philippine market, Vietnam has signed a memorandum of understanding to sell 1.5-2 million tonnes of rice per year for 5 years. This good news immediately aroused excitement amongst farmers in the Mekong Delta region. Right after the Tet holiday (the Lunar New Year), rice wholesale began to be exciting.
Currently, the Mekong Delta provinces have well complied with the sowing schedule to avoid drought and saltwater intrusion, so the rice fields promise a bumper harvest with an estimated output of over 10.6 million tons of rice in this winter-spring crop.
Along with the rice commodity group, durian is also a favorite agricultural fruit for export. In Tien Giang, right after the Lunar New Year, durian was purchased by traders at high prices; for instance, Mongthon durian variety fetches VND180,000-VND200,000 a kg and Ri6 at VND140,000-VND160,000 a kg.
According to owner Luong Thanh Tam of a durian garden in Cai Lay District of Tien Giang Province, this is the highest price in the past two years, gardeners can earn a profit of more than VND1.8 billion a hectare. Hundreds of durian farming households in Cai Be, Tan Phuoc districts of Tien Giang Province, Phong Dien District of Can Tho City, and Giong Rieng District of Kien Giang Province are focusing on fertilizing, watering, and preventing salinity so that their durian fruit can grow well and achieves high yield in the next harvest.
Elsewhere, people in the Central Highlands region are earning good profits after they have sold coffee, vegetables and fruits of all kinds at the highest prices. Deputy Director Doan Manh Trinh of Tam Trinh Coffee Import-Export Company in Lam Dong Province excitedly said that from the beginning of 2024 until now, he has exported and sold nearly 3,000 tons of coffee, worth about VND300 billion. At this time, a kg of coffee is being purchased at about VND70,000-VND80,000.
Coffee exports at the beginning of the year had good prices because businesses have followed organic coffee production and building traceability of origin and raw material areas.
In addition, businesses have proactively sought markets, so they practiced cultivation according to the standards of exporting countries; as a result, they have stable markets. Coffee products grown in the Central Highlands region are displayed in 64 countries and territories globally, said Director Pham Van Binh of the Department of Industry and Trade of Gia Lai Province.
T.Huong
Source: Vitic/kinhtedothi