Rice price on May 22: Rice and by-product prices increase sharply

The price of IR 504 raw rice increased by VND 50 per kg, ranging from VND 8,250 to VND 8,350 per kg. CL 555 rice is trading at VND 8,600 to VND 8,800 per kg, while OM 380 fluctuates around VND 8,000 to VND 8,100 per kg. OM 18 rice is traded at VND 10,200 to VND 10,400 per kg, and Jasmine rice remains high at VND 17,000 to VND 18,000 per kg.

In retail markets, rice prices are generally stable. Fragrant rice is commonly sold at VND18,000 - 22,000/kg, regular rice from VND15,000 - 16,000/kg. Thai fragrant rice fluctuates at VND20,000 - 22,000/kg, Huong Lai rice is listed at VND22,000/kg. Notably, Nang Nhen rice still has the highest price on the market, reaching VND28,000/kg.

The glutinous rice segment did not change much. IR 4625 (dry) remained at VND9,700 - VND9,900/kg. Other types of glutinous rice, both dry and fresh, remained at around VND7,700 - VND8,000/kg.

Meanwhile, by-product prices have increased sharply. OM 5451 rice bran is currently at 7,500 - 7,600 VND/kg. Bran prices continued to increase by 200 VND, to 7,900 - 8,200 VND/kg. Rice husk prices also increased slightly, fluctuating between 1,000 - 1,150 VND/kg.

In An Giang , fresh rice prices are generally stable. OM 380 rice is purchased at around 5,300 - 5,500 VND/kg. OM 18 and Dai Thom 8 fluctuate at 6,800 - 7,000 VND/kg. IR 50404 rice remains at 5,300 - 5,500 VND/kg. OM 5451 is traded at 6,000 - 6,200 VND/kg, while Nang Hoa 9 remains at 6,550 - 7,000 VND/kg.

Vietnam's rice exports maintain competitive advantage, China increases imports sharply

Vietnam’s rice export market continues to be stable and remains competitive in the region. According to the Vietnam Food Association (VFA), as of May 21, the export price of 5% broken rice from Vietnam remained at $397 per ton. This price is lower than Thailand’s ($404 per ton) but still much higher than India and Pakistan’s, which fluctuated between $382 and $387 per ton, demonstrating the stable position of Vietnamese rice in terms of quality and brand.

In China, rice import demand increased sharply in March, reaching 240,000 tons, up 130,000 tons compared to February. Vietnam was the largest supplier with nearly 95,000 tons, accounting for about 40% of total imports. The next suppliers were Thailand, Myanmar, India, Cambodia and Pakistan.

China's import structure is mainly polished rice (76%), followed by broken rice (24%), while brown rice accounts for a very small proportion. However, the domestic market is currently in a slow consumption phase. Although rice auctions at minimum purchase prices are still held, the transaction rate is very low due to weak demand.

The supply of old-crop rice in China is clearly differentiated. Some areas have almost run out of stock, while intermediaries still have inventories, keeping prices high. Even though it is the time to stock up for the Dragon Boat Festival, purchasing power has not increased, causing purchasing activities to slow down.

Meanwhile, the new rice crop in China is in the sowing and growing stage. The weather is showing signs of instability: Guangxi has recorded local droughts, while Jilin province – where Japonica rice is grown – has seen light flooding. Although the quality has not been significantly affected, farmers are facing many difficulties in production progress.

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Source: https://baonghean.vn/gia-lua-gao-ngay-22-5-gia-gao-phu-pham-tang-manh-10297932.html