AsemconnectVietnam - On Wednesday, rice prices were up by 50 VND compared to Yesterday in Vietnam's Mekong Delta region, but export prices were down by 2-5 USD/kg, according to Kinhtedothi.

According to an update from the Department of Agriculture and Rural Development of An Giang province, rice prices increased slightly compared to yesterday. Specifically, IR 504 Summer-Autumn raw rice was offered at 10,700 - 10,750 VND/kg (up by 50 VND/kg); IR 504 finished rice at 12,550 - 12,550 VND/kg, (up 50 VND/kg).
The price of IR 504 rice was offered at 8,700 - 8,900 VND/kg. Meanwhile, the price of dry bran at 7,000 - 7,150 VND/kg.
At retail markets, rice prices have not been adjusted. Currently, Nang Nhen rice has the highest listed price of 20,000 VND/kg; Jasmine rice 18,000 - 20,000 VND/kg; Nang Hoa rice 20,000 VND/kg; Regular rice usually fluctuates around 15,000 - 16,000 VND/kg; long-sliced pineapple 20,000 - 21,000 VND/kg; Huong jasmine rice 20,000 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; Common white rice 17,000 VND/kg; Regular Soc rice 18,500 VND/kg; Soc Thai rice was offered at 20,000 VND/kg; Japanese rice at 22,000 VND/kg.
Specifically, the price of rice has been adjusted to increase by 100 VND/kg, the price of IR 50404 rice rose to a range of 6,900 - 7,000 VND/kg (an increase of 100 VND/kg); Dai Thom 8 rice reduced by 200 VND/kg to 7,100 - 7,200 VND/kg; OM 5451 rice price was offered at 6,900 - 7,200 VND/kg, up 100 VND/kg; OM 18 rice costs 7,000 - 7,200 VND/kg; OM 380 rice slipped to a range of 7,000 - 7,200 VND/kg (down 100 VND/kg). Japanese rice was offered at 7,800 - 8,000 VND/kg; Nang Hoa 9 rice at 7,600 - 7,700 VND/kg and Nang Nhen (dry) rice at 20,000 VND/kg.
Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship to an investment partnership in the rice industry.
The ministry’s statistics showed that Vietnam’s rice export totalled 4.68 million tonnes in the first half of this year, worth 2.98 billion USD, an increase of 104% in volume and 32% in value over the same period last year.
Vietnam’s rice industry has been making significant transformations in production, domestic consumption and exports in the context of rapid changing global market and consumer tastes as well as climate change, Hoan said. With the sustainable agriculture and rural development strategy by 2030 with a vision to 2045, Vietnam is aiming at green and low-emission agriculture value chain.
Philippine Secretary of Agriculture Francisco Tiu Laurel Jr, in response, said that the country has imported 2.17 million tonnes of rice in the first half of this year, of which 1.59 tonnes were from Vietnam. Vietnam has been the largest rice supplier to the Philippines for dozens of years.
Addressing challenges that the Philippines’ agriculture industry is facing, including low productivity and scattered production, which are weighing on food security, Francisco asked Vietnam to establish a rice industry alliance between the two countries. This will promote the rice trade relationship into an investment partnership.
T.Huong
Source: Vitic