AsemconnectVietnam - On Thursday, rice prices fluctuated strongly compared to Yesterday in Vietnam's Mekong Delta region, and export prices were down by 2-5 USD/tonne, according to Kinhtedothi.

The rice market in localities in the Mekong Delta region is generally stable, with a large supply of raw rice.
Specifically in Sa Dec (Dong Thap), the supply and rice prices were stable. In An Cu (Cai Be, Tien Giang), prices were stable, and the a scarce supply of high-quality rice. In Lap Vo (Dong Thap), the price was stable, bad- quality rice and the raw rice supply was abundant.
According to updates from the Department of Agriculture and Rural Development of An Giang province, IR 504 summer-autumn raw rice increased by 50 - 100 VND/kg to 10,700 - 10,750 VND/kg; IR 504 finished rice fell by 100 - 150 VND/kg to 12,500 - 12,550 VND/kg.
The price of IR 504 broken rice was at 8,700 - 8,900 VND/kg. Meanwhile, the price of dry broken rice was adjusted at 7,000 - 7,200 VND/kg, an increase of 50 VND/kg compared to yesterday.
At retail markets, rice prices have not been adjusted. Currently, Nang Nhen rice has the highest listed price of 30,000 VND/kg; Jasmine rice 18,000 - 20,000 VND/kg; Nang Hoa rice 20,000 VND/kg; Regular rice usually fluctuated around 15,000 - 16,000 VND/kg; long-grain fragrant rice 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 costs 20,000 VND/kg; Japanese rice costs 22,000 VND/kg.
With paddy products, new paddy transactions are slow due to rain, many places stop buying, farmers offer stable prices, and rice prices have little fluctuation.
Specifically, the price of IR 50404 rice fluctuated around 6,900 - 7,000 VND/kg; Taiwanese rice 8 is priced at 7,100 - 7,300 VND/kg; OM 5451 rice price is stable at 6,900 - 7,200 VND/kg; OM 18 rice at 7,000 - 7,200 VND/kg; OM 380 rice ranges from 7,000 - 7,200 VND/kg; Japanese rice at the 7,800 - 8,000 VND/kg mark; Nang Hoa 9 rice at 7,600 - 7,700 VND/kg and Nang Nhen (dry) rice at 20,000 VND/kg.
3-month sticky rice (dry) is priced at 8,800 - 9,000 VND/kg. Long An sticky rice (dried) is priced at 9,000 - 9,200 VND/kg. On the other hand, 3-month sticky rice (fresh)stayed at 7,300 - 7,500 VND/kg, and Long An sticky rice (fresh) rose by 50 VND/kg.
On the export market, Vietnam's export rice price was adjusted down compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice decreased by 5 USD/tonne to 460 USD/tonne; Standard 5% broken rice fell by 2 USD to 562 USD/tonne; 25% broken rice decreased by 5 USD/tonne to 538 USD/tonne.
The success of the rice sector is the fruit of a concerted effort spanning research, production and trade, with high-quality seeds delivered to farmers' hands, former Minister of Agriculture and Rural Development Cao Duc Phat has assessed.
Phat, who is Chairman of the Board of Directors of the International Rice Research Institute (IRRI), said the market now needs resilient, low-emission, and quality rice varieties that adapt to climate change, adding that related research should help farmers achieve higher selling prices.
For example, regarding the nutritional content of rice, the IRRI is currently researching varieties with low glycemic index suitable for individuals with or at risk of diabetes. Currently, the price of diabetes-friendly rice stands at 1,800 USD per tonne, significantly higher than the export price of normal rice, which ranges between 500 USD and 600 USD per tonne. Additionally, the IRRI is also studying to develop varieties with higher protein content, drought and salt tolerance, flood resilience, and other exploitable traits.
Director of the Vietnam Academy of Agricultural Sciences Professor Dr. Nguyen Hong Son, meanwhile, attributed the country’s remarkable development in the rice industry to three major achievements. These include the diversification in plant genetic research disciplines, a research workforce that matches regional standards, and the robust growth of the domestic seed industry.
T.Huong
Source: Vitic