AsemconnectVietnam - According to Kinhtedothi, domestic rice prices remained unchanged on August 22 due to limited trading activity, with both domestic and export rice relatively stable compared to the previous day.

At the Mekong Delta, raw export paddy prices (An Giang Department of Agriculture & Environment):
• IR 504: VND8,500–8,600/kg.
• OM 380: VND8,200–8,300/kg.
• 5451: VND9,500–9,650/kg.
• CL 555: VND8,650–8,750/kg.
• OM 18: VND9,600–9,700/kg.
Finished rice:
• OM 380: VND8,800–9,000/kg.
• IR 504: VND9,500–9,700/kg.
By-products:
• Fragrant broken rice: VND7,600–7,700/kg.
• Bran: VND8,000–9,000/kg.
Local market trends:
• An Giang: trading slow, prices stable.
• Lấp Vò (Đồng Tháp): limited arrivals, sluggish trade.
• Sa Đéc (Đồng Tháp): more arrivals, but weak demand; prices steady.
• Cần Thơ: farmers selling slowly, traders bidding low.
• Đồng Tháp, Tây Ninh: limited late Summer-Autumn crop, prices stable.
Retail rice prices (unchanged from yesterday):
• Nàng Nhen: VND28,000/kg (highest).
• Hương Lài: VND22,000/kg.
• Jasmine: VND16,000–18,000/kg.
• Other common fragrant & white rice: VND13,000–22,000/kg depending on type.
Export market (VFA):
• 5% broken: USD399/tonne.
• 25% broken: USD368/tonne.
• 100% broken: USD339/tonne.
Despite a temporary halt in rice import from the Philippines, Vietnam’s export is expected to exceed 8.2 million tonnes for the whole year, bolstered by rising shipments to such markets as Bangladesh, China, and South Africa.
As the world’s largest rice importer, the Philippines bought 4.8 million tonnes from overseas last year, of which Vietnam supplied the lion’s share at 3.6 million tonnes.
In the first seven months of the year, Vietnam sold 5.5 million tonnes of the cereal abroad for 2.81 billion USD, with the Philippines continuing to serve as its biggest buyer. However, revenue experienced a year-on-year fall of 13.5%.
Exporters admitted that while shipments to the country have slowed, they have signed new contracts at significantly improved prices and expanded their customer base across ASEAN and South African markets.
Earlier this month, the Philippine government announced a two-month suspension of rice imports from September 1 amidst falling domestic rice prices. However, market analysts predict that overall exports will remain robust thanks to growing demand in other regions.
The United States Department of Agriculture (USDA) forecast Vietnam’s full-year rice exports at 8.2 million tonnes, up 300,000 tonnes as compared to the previous prediction. Shipments will increase in the end of the year, driven by high demands from Africa and China. Meanwhile, the Philippines’ rice import suspension is projected to trim the country’s purchases by 500,000 tonnes. Even so, the Philippines’ total imports in the year could remain at 4.9 million tonnes, the highest in the world.
T.Huong
Source: Vitic