Rice prices slightly decreased by 50-100 VND/kg, many warehouses closed early for the holidays

Rice prices today, August 30, in the Mekong Delta region decreased for rice and paddy. Rice prices decreased by 50-100 VND/kg, paddy prices decreased by 100 VND/kg.

It is noted that in localities today, the price of Summer-Autumn rice is stable; Autumn-Winter rice is sold well by farmers, the amount of Winter-Spring rice left is small. In Can Tho , the demand for Autumn-Winter rice close to the holiday is somewhat slow.

Rice price today August 30, 2024: Rice price slightly decreased by 50-100 VND/kg, many warehouses closed early for the holiday

Update from the Department of Agriculture and Rural Development of An Giang province said that today's rice price recorded a slight decrease compared to yesterday, IR 50404 price fluctuated around 7,900 - 8,000 VND/kg; Dai Thom 8 rice price dropped to 8,400 - 8,500 VND/kg, down 100 VND/kg; OM 5451 rice price dropped to 8,000 - 8,200 VND/kg, down 100 VND/kg; OM 18 rice price was 8,400 - 8,500 VND/kg, down 100 VND/kg; OM 380 fluctuated at 7,800 VND/kg; Japanese rice was at 7,800 - 8,000 VND/kg and Nang Nhen rice (dry) was at 20,000 VND/kg.

Besides, the glutinous rice market remained unchanged compared to yesterday. IR 4625 glutinous rice (fresh) was 7,400 - 7,600 VND/kg, stable compared to yesterday. An Giang glutinous rice (fresh) was 7,000 - 7,200 VND/kg, unchanged compared to yesterday.

Updates in localities today show that demand for buying has decreased among places. Specifically, in An Cu (Tien Giang), rice prices have decreased, and the quantity has been low. At Sa Dec rice market (Dong Thap), the quantity has been low, market warehouses have been buying sparingly, many places have stopped buying, and the price of market rice has decreased slightly. At Lap Vo (Dong Thap), the quantity has been low, warehouses have been buying slowly, and some warehouses have closed early for the holidays.

Regarding rice, the price of rice has been adjusted compared to yesterday. Currently, raw IR 504 Summer-Autumn rice is down to 11,100 - 11,200 VND/kg, down 50-100 VND/kg; finished IR 504 rice is down to 13,200 - 13,300 VND/kg, down 100 VND/kg.

By-products today recorded an adjustment compared to yesterday. Currently, the price of OM 5451 broken rice has dropped to 9,200 - 9,300 VND/kg, down 100 VND/kg; the price of dry bran has dropped to 6,900 - 7,000 VND/kg, down 50 VND/kg.

At retail markets, rice prices have been adjusted for individual rice products. Currently, Nang Nhen rice has the highest listed price of VND28,000/kg; Jasmine rice is VND18,000 - VND20,000/kg; Nang Hoa rice is VND20,000/kg; regular rice fluctuates around VND15,000 - VND16,000/kg; long-grain fragrant rice is VND20,000 - VND21,000/kg; Huong jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; regular Soc rice is VND18,500/kg; Thai Soc rice is VND21,000/kg, an increase of VND1,000/kg; Japanese rice is VND22,000/kg.

In the export market, Vietnam's rice export prices recorded an adjustment compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice increased to 452 USD/ton, up 12 USD; 5% standard rice decreased to 575 USD/ton, down 3 USD; 25% broken rice decreased to 535 USD/ton, down 10 USD.