Rice price today July 14: Domestic rice market maintains price

Rice prices in the Mekong Delta remained stable today. Trading was slow, and export prices did not fluctuate much.

Domestic rice market is stable, few transactions

According to the Department of Agriculture and Environment of An Giang province, rice prices in the Mekong Delta region today continued to remain unchanged compared to previous sessions. Rice varieties such as OM 18, OM 5451, IR 50404, Nang Hoa 9 or Dai Thom 8 all maintained stable prices in the range of 5,700 - 6,200 VND/kg. The buying and selling market was quite quiet due to low supply and demand.

Raw rice prices and retail prices remain unchanged.

Along with the stability of paddy prices, the prices of raw rice and retail rice have not recorded significant changes. Raw rice of various types such as OM 18, OM 5451, CL 555 or OM 380 are currently priced at 7,400 - 9,700 VND/kg. At traditional markets, the prices of Jasmine, Thai fragrant, Huong Lai or Nang Nhen rice have also remained unchanged compared to the previous day, ranging from 13,000 - 28,000 VND/kg depending on the type.

By-products maintain old prices

By-products such as IR504 fragrant rice bran and bran remain stable at VND7,000-7,300/kg and VND8,000-9,000/kg, respectively. In the market, trading volume remains low, with no clear signs of increased demand.

Export prices continue to move sideways, Asian markets are gloomy

Vietnam’s rice export prices remained stable at the beginning of the week. According to the Vietnam Food Association, 5% broken rice is currently priced at $382 per ton, 25% broken rice is priced at $357 per ton, and 100% broken rice is priced at $317 per ton. However, the overall Asian export market remains sluggish as international demand continues to weaken.

In India, 5% broken parboiled rice prices fell slightly to around $380-$385 per tonne. In Thailand, prices remained at $380 per tonne, but sluggish buying kept the market quiet. Some traders predicted that rice prices could fall further in the coming time when the new harvest begins in early August.

In Bangladesh alone, domestic rice prices remain high despite large inventories. This is putting pressure on consumers, especially in a difficult economic context.

Source: https://baodanang.vn/gia-lua-gao-hom-nay-14-7-thi-truong-lua-gao-trong-nuoc-giu-gia-3265693.html