AsemconnectVietnam - On Tuesday, raw and finished rice prices increased by 50-100 VND per kg compared to Yesterday in Vietnam's Mekong Delta region, according to Kinhtedothi.

This morning, the price of IR 504 raw rice was at 10,500 - 10,700 VND/kg, a slight increase of 100 VND/kg; finished rice IR 504 also increased by 50 - 100 VND/kg to 12,600 - 12,750 VND/kg.
In retail markets, rice prices remained stable. This morning, Nang Nhen rice had the highest listed price of 28,000 VND/kg; Jasmine rice at 18,000 - 20,000 VND/kg; Nang Hoa rice at 21,500 VND/kg; Regular rice fluctuated around 15,000 - 16,000 VND/kg; long-grain fragrant rice 20,000 - 22,000 VND/kg; Jasmine rice 23,000 VND/kg; Taiwanese fragrant rice 21,000 VND/kg; common white rice 17,500 VND/kg; regular Soc rice 18,500 VND/kg; Thai Soc rice 21,000 VND/kg; Japanese rice 22,000 VND/kg.
For by-products, the price of by-products of all kinds fluctuated between 5,900 - 9,600 VND/kg. Currently, the price of OM 5451 broken rice is at 9,500 - 9,600 VND/kg; the price of dry bran is at 5,900 - 6,000 VND/kg.
An update from the Department of Agriculture and Rural Development of An Giang province shows that today's rice prices remained unchanged compared to yesterday. IR 50404 rice is priced at 6,900 - 7,000 VND/kg; Dai Thom 8 rice is priced at 7,800 - 8,000 VND/kg, OM 5451 rice is priced at 7,200 - 7,400 VND/kg; OM 18 rice at 7,500 - 7,800 VND/kg, unchanged compared to yesterday; OM 380 rice fluctuated at 7,200 - 7,300 VND/kg; Nhat rice was still at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) at 20,000 VND/kg. In addition, the glutinous rice market has not been adjusted. Long An IR 4625 sticky rice (dry) 9,600 - 9,700 VND/kg, stable compared to yesterday. Long An 3-month sticky rice (dry) 9,800 - 10,000 VND/kg, unchanged compared to yesterday. In the export market, Vietnam's export rice prices did not record any adjustment compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was at 439 USD/ton; 5% standard rice was at 534 USD/ton; 25% broken rice was at 506 USD/ton.
Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development has reported. The average export price of rice stood at 624 USD per tonne, up 13%.
Recently, the Indian government lifted its ban on the export of non-Basmati white rice, ending the suspension that lasted over one year on overseas sales.
Vietnamese rice exporters said that India's decision will exert downward pressure on the prices of rice varieties in the market. However, the price of Vietnamese rice is unlikely to fall below 500 USD per tonne due to limited domestic supply.
Recently, Vietnam won a bid to supply nearly 60,000 tonnes of rice to Indonesia in its September rice tender with a winning price of 548 USD per tonne, down 32 USD from the previous price. Despite the price decrease in the bid, demand from key markets such as the Philippines and Malaysia remains high.
T.Huong
Source: Vitic