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DAILY: Vietnamese rice prices remained stable on February 14, 2025 

 Friday, February 14,2025

AsemconnectVietnam - According to Kinhtedothi, rice prices in Vietnam remained stable on February 14, 2025, with steady transactions and farmers offering a fair supply.

Domestic Rice Prices
Rice prices in the Mekong Delta region saw no significant changes compared to yesterday. According to the Department of Agriculture and Rural Development of An Giang Province, fresh paddy prices are as follows:
• IR 50404: 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 rice: 7,800 - 8,000 VND/kg
• Nang Hoa 9: 9,200 VND/kg
In various provinces, rice trading remained slow, with some areas seeing increased farmer offerings:
• Kien Giang: Farmers offered a fair quantity, with moderate trading.
• Hau Giang: Stable prices, slow transactions, and low buyer demand.
• Can Tho: Improved demand compared to previous days, with stable prices.
• An Giang: Some districts prepared for harvest, with higher demand for fragrant rice varieties.
• Soc Trang: Light trading, mostly for soon-to-be-harvested rice.
• Long An: Limited supply as some areas have just begun harvesting. High demand for IR 50404 and Dai Thom 8.
Processed Rice Prices
According to the Department of Agriculture and Rural Development of An Giang Province, processed rice prices remained stable:
• 5451 raw rice: 8,800 - 9,000 VND/kg
• OM 380 raw rice: 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
In Sa Dec (Dong Thap) and Lap Vo (Dong Thap), rice arrivals remained low, with stable prices. Sa Dec market saw slightly improved supply, while An Cu (Cai Be, Tien Giang) had steady demand for fragrant rice varieties.
Retail Market Prices
Retail rice prices were unchanged from yesterday:
• Regular rice: 16,000 - 17,000 VND/kg
• Nang Nhen rice: 28,000 VND/kg (highest price)
• Thai fragrant long-grain rice: 20,000 - 22,000 VND/kg
• Huong Lai rice: 22,000 VND/kg
• Jasmine fragrant rice: 20,000 - 22,000 VND/kg
• Standard white rice: 17,000 VND/kg
• Nang Hoa rice: 22,000 VND/kg
• Taiwan fragrant rice: 21,000 VND/kg
• Regular Soc rice: 18,000 VND/kg
• Soc Thai rice: 21,000 VND/kg
• Japanese rice: 22,000 VND/kg
Byproduct Prices
Byproduct prices ranged from 5,300 - 7,300 VND/kg:
• Broken rice (Tam): 7,100 - 7,300 VND/kg
• 3-4 grade broken rice: 5,800 - 6,000 VND/kg
• Dry bran: 5,300 - 5,450 VND/kg
Export Market Prices
Vietnam’s rice export prices slightly declined compared to earlier in the week. According to the Vietnam Food Association (VFA):
• 5% broken rice: $397/ton
• 25% broken rice: $372/ton
• 100% broken rice: $310/ton
Vietnam exported around 500,000 tons of rice in January, generating $308 million in revenue. Although the export volume increased by 1% compared to the same period last year, the value decreased by 10.4%, according to the Ministry of Agriculture and Rural Development. Since the beginning of 2025, Vietnam’s rice export prices have fallen to the lowest levels globally, with a notable acceleration in the first 10 days of February.
The Vietnam Food Association (VFA) reported that the current export price for regular 5% broken rice is only $399 per ton, while 25% broken rice is priced at $371 per ton, and 100% broken rice at $313 per ton – the lowest prices in the past nine years.
"The average export price of rice in January 2025 was only $616 per ton, down from the average of $627 per ton in 2024," stated the Ministry of Agriculture and Rural Development.
The VFA expressed concern over the excessively low rice prices. From 2016 to 2022, the export price of Vietnamese 5% broken rice typically ranged between $420 and $535 per ton. However, in 2023, export prices surged due to India halting rice exports, pushing the price of Vietnamese 5% broken rice to a 15-year high of $663 per ton in November 2023. Currently, the export price of Vietnamese regular rice has decreased by $264, equivalent to 40%, compared to the end of 2023.
Despite the export price of ordinary rice falling below $400 per ton in January 2025, the average export price of rice for the month remained above $600 per ton, thanks to the strong performance of fragrant and specialty rice varieties whose prices have not decreased.
T.Huong
Source: Vitic

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