Export rice prices increase, domestic prices under pressure

Rice exports are picking up, bringing positive signals to the industry, but domestic rice prices continue to fall.

Rice is one of the main export products of An Giang province. Photo: Van Sy/VNA

According to the Vietnam Food Association, the price of 5% broken fragrant rice was offered at $440-$465 per ton, up from $450-$455 per ton a week ago. Jamine rice also increased by $3 per ton to $499-$503 per ton.

Figures from the General Department of Vietnam Customs show that as of September 15, Vietnam exported 6.6 million tons of rice, up 1.5% in volume but down 17% in value compared to the same period last year, reaching only 3.37 billion USD.

Regarding the domestic market last week, according to the Institute of Strategy and Policy on Agriculture and Environment, last week in Can Tho, Jasmine rice was priced at 8,200 VND/kg, down 200 VND/kg; similarly, OM 18 also decreased 200 VND/kg to 6,500 VND/kg; IR 5451 rice was 6,200 VND/kg; ST25 was 9,500 VND/kg.

According to the update of the Department of Agriculture and Environment of An Giang, the prices of some types of fresh rice purchased by traders such as IR 50404 rice are from 5,000-5,100 VND/kg; OM 380 rice is from 5,600-5,800 VND/kg; OM 5451 rice fluctuates between 5,900-6,000 VND/kg; OM 18 is from 5,600-5,800 VND/kg and Nang Hoa is from 6,000-6,200 VND/kg; Dai Thom 8 is from 5,700-5,800 VND/kg...

Regarding rice products in the retail market in An Giang, regular rice costs from 13,000-14,000 VND/kg; long-grain fragrant rice from 20,000-22,000 VND/kg; Jasmine rice from 16,000-18,000 VND/kg; common white rice 16,000 VND/kg, Nang Hoa rice 21,000 VND/kg; Huong Lai rice 22,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Soc rice usually fluctuates at 17,000 VND/kg; Soc Thai rice costs 20,000 VND/kg; Japanese rice costs 22,000 VND/kg...

The price of IR 504 raw rice is at 8,100-8,200 VND/kg, IR 504 finished rice is from 9,500-9,700 VND/kg; OM 380 raw rice is from 8,450-8,550 VND/kg; OM 380 finished rice fluctuates at 8,800-9,000 VND/kg.

For by-products, the price of by-products of all kinds ranges from 7,350-9,000 VND/kg. The price of dry bran is at 8,000-9,000 VND/kg.

PV (synthesis)

Source: https://baohaiphong.vn/gia-gao-xuat-khau-tang-gia-ban-trong-nuoc-chiu-ap-luc-521412.html