DAILY: Vietnamese rice prices decreased slightly on February 13, 2025
Thursday, February 13,2025
AsemconnectVietnam - According to Kinhtedothi, as of today, February 13, 2025, domestic prices for some varieties of paddy and rice have slightly decreased by 50 - 100 VND/kg compared to yesterday.
The rice market remains active, but supply is limited. Rice prices in the Mekong Delta region saw minimal fluctuations. Most rice prices remained stable, though some fresh paddy varieties experienced slight changes compared to yesterday. According to updates from the An Giang Department of Agriculture and Rural Development:
- IR 50404 (fresh paddy) decreased by 100 VND/kg, now ranging from 5,300 - 5,500 VND/kg.
- OM 5451: 5,800 - 6,100 VND/kg.
- Dai Thom 8: 6,600 - 6,800 VND/kg.
- OM 380: 6,600 - 6,700 VND/kg.
- OM 18: 6,500 - 6,700 VND/kg.
- Japanese paddy: 7,800 - 8,000 VND/kg.
- Nàng Hoa 9: 9,200 VND/kg.
Market Updates by Region
- In Kiên Giang, buying demand remains weak, with little price fluctuation.
- In An Giang, farmers are offering a fair amount of paddy, and transactions are ongoing at slightly fluctuating prices.
- In Cà Mau, farmers are selling at high prices, but buyers are limited.
- In Đồng Tháp, winter-spring rice is being offered in large quantities, but transactions remain slow.
- In Cần Thơ, farmers are holding firm on prices, but some traders are offering lower bids, leading to moderate activity.
- In Hậu Giang, farmers are selling a good volume of rice, but purchasing demand remains slow.
Processed Rice Prices
According to the An Giang Department of Agriculture and Rural Development, some processed rice prices have slightly decreased:
- 5451 raw rice decreased by 50 VND/kg, now at 8,800 - 9,000 VND/kg.
- OM 380 raw rice remains at 7,400 - 7,600 VND/kg.
- OM 380 finished rice: 8,800 - 9,000 VND/kg.
- IR 504 raw rice: 7,700 - 7,800 VND/kg.
- IR 504 finished rice: 9,500 - 9,700 VND/kg.
By-products Prices
- Rice bran increased by 100 VND/kg, now at 5,300 - 5,450 VND/kg.
- Broken rice (3-4 grade) increased by 200 VND/kg, now at 5,800 - 6,000 VND/kg.
- Other broken rice varieties range between 7,100 - 7,300 VND/kg.
Regional Market Activities
- In An Giang, rice supply is low, and warehouses are purchasing slowly.
- In Lấp Vò (Đồng Tháp), supply remains low, while Cambodian rice is arriving in fair quantities. Warehouses are making steady purchases, and prices remain stable.
- In Sa Đéc (Đồng Tháp), there is some rice supply, with slight price decreases for bulk rice.
- At Sa Đéc Market (Đồng Tháp), warehouse purchases remain stable.
- In An Cư (Cái Bè, Tiền Giang), fragrant bulk rice supply has increased, with good-quality rice holding firm on price, but other finished rice transactions remain slow.
Retail Market
Retail rice prices remain stable compared to yesterday:
- Regular rice: 16,000 - 17,000 VND/kg.
- Nàng Nhen rice: 28,000 VND/kg (highest listed price).
- Thai fragrant long-grain rice: 20,000 - 22,000 VND/kg.
- Hương Lài rice: 22,000 VND/kg.
- Jasmine fragrant rice: 20,000 - 22,000 VND/kg.
- Standard white rice: 17,000 VND/kg.
- Nàng Hoa rice: 22,000 VND/kg.
- Taiwan fragrant rice: 21,000 VND/kg.
- Regular Sóc rice: 18,000 VND/kg.
- Sóc Thái rice: 21,000 VND/kg.
- Japanese rice: 22,000 VND/kg.
Export Market
Vietnamese export rice prices declined slightly compared to earlier this week. According to the Vietnam Food Association (VFA):
- 5% broken rice: 397 USD/ton.
- 25% broken rice: 372 USD/ton.
- 100% broken rice: 310 USD/ton.
Vietnam’s rice exports to Singapore grew 28.45% to S$128.9 million (US$95.2 million) in 2024, making it the city-state's third largest rice supplier, according to the Vietnam Trade Office in Singapore.
The figure represented 28.25% of Singapore’s rice imports for the year.
India and Thailand retained the top spots with export revenues of S$148.19 million and S$137.75 million, or 32.48% and 30.19% of the city-state's rice imports, respectively.
Data from the Accounting and Corporate Regulatory Authority indicated that Singapore's rice imports grew by 10.73% from 2023 to S$456.2 million in 2024.
Vietnam held dominant market shares in three rice categories: white rice (42.23%), milled or husked fragrant rice (65.73%), and glutinous rice (77.02%).
Despite strong performance in the first half of 2024, Vietnam lost its leading position in the Singapore market by the year-end, overtaken by India and Thailand, primarily due to limited growth in its exports of white rice.
T.Huong
Source: Vitic
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