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Domestic rice prices held steady on slow new crop trading on March 17 

 Monday, March 17,2025

AsemconnectVietnam - According to Kinhtedothi, the domestic rice market saw little fluctuation on March 17, 2025, due to slow trading activity and limited supply.

Domestic Rice Market
Rice prices in the Mekong Delta region held steady. According to the Department of Agriculture and Environment of An Giang Province, the current prices are:
• Đài Thơm 8 (fresh): 6,400 - 6,600 VND/kg
• OM 18 (fresh): 6,400 - 6,650 VND/kg
• OM 5451 (fresh): 5,700 - 5,800 VND/kg
• OM 380 (fresh): 5,200 - 5,400 VND/kg
• IR 50404 (fresh): 5,500 - 5,600 VND/kg
• Nàng Hoa 9: 6,300 - 6,500 VND/kg
At various local markets:
• In Đồng Tháp, trading activity was quiet in triple-crop rice fields, with prices holding firm.
• In An Giang, supply remained stable in Châu Thành - Thoại Sơn, but new crop trading was slow with prices steady.
• In Sóc Trăng, farmers maintained their offer prices, but traders offered lower bids, leading to slow trading.
• In Long An, prices showed a slight downward trend, and new crop trading was sluggish.
Rice and By-Product Prices
According to An Giang's Department of Agriculture and Environment, the rice market is stable with the following price levels:
• Raw rice:
o OM 380: 7,800 - 7,900 VND/kg
o IR 504: 8,150 - 8,200 VND/kg
o OM 5451: 8,500 - 8,600 VND/kg
• Finished rice:
o OM 380: 8,800 - 9,000 VND/kg
o IR 504: 9,500 - 9,700 VND/kg
• By-products: Prices range from 7,300 - 10,000 VND/kg
o Fragrant broken rice: 7,100 - 7,300 VND/kg
o Second-grade broken rice: 6,800 - 6,900 VND/kg
o Rice bran: 9,000 - 10,000 VND/kg
Local market conditions:
• In An Giang, supply was low, and prices remained stable.
• In Lấp Vò (Đồng Tháp), supply was limited, and prices held firm.
• In Sa Đéc (Đồng Tháp), stock was low, and prices were stable.
• At Sa Đéc Market (Đồng Tháp), warehouse transactions were limited, with little price movement.
• In An Cư (Cái Bè, Tiền Giang), supply was moderate, and prices remained stable.
Retail Market
Retail rice prices remained unchanged compared to last weekend:
• Nàng Nhen rice: 28,000 VND/kg (highest price)
• Regular rice: 15,000 - 16,000 VND/kg
• Thai fragrant long-grain rice: 20,000 - 22,000 VND/kg
• Hương Lài rice: 22,000 VND/kg
• Jasmine fragrant rice: 18,000 - 20,000 VND/kg
• Nàng Hoa rice: 22,000 VND/kg
• Taiwanese fragrant rice: 21,000 VND/kg
• Standard white rice: 17,000 VND/kg
• Regular Sóc rice: 18,000 VND/kg
• Sóc Thái rice: 21,000 VND/kg
• Japanese rice: 22,000 VND/kg
Export Market
Vietnam's export rice prices remained stable compared to yesterday. According to the Vietnam Food Association (VFA):
• 5% broken rice: 391 USD/ton
• 25% broken rice: 365 USD/ton
• 100% broken rice: 307 USD/ton
Although rice prices remain steady due to abundant supply, experts anticipate a market rebound in the near future.
Do Ha Nam, Vice Chairman of the Vietnam Food Association (VFA), said that customer demand remains high, with Vietnam exporting over 1 million tonnes of rice in the first two months of the year.
He said that the ongoing winter-spring harvest yields the highest-quality rice of the year, making it a crucial buying period for importers. Countries with significant import needs are expected to resume trading soon, as missing this season could lead to difficulties in securing adequate supplies later.
V. Subramanian, co-founder of SSricenews - a specialised rice market platform - echoed this outlook. Speaking at a recent conference in Ho Chi Minh City, he pointed to increasing demand from Malaysia, China and Africa, where buyers are ramping up purchases. This trend suggests a potential trade boom in the coming months.
Minister of Agriculture and Environment Do Duc Duy said that the current market situation was an adjustment phase, which experts consider a normal fluctuation for commodities, including rice.
Despite this, the Government remained vigilant, closely monitoring market developments and implementing policies to stabilise supply and demand both at home and abroad.
T.Huong
Source: Vitic

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