Rice prices fall by 200 VND/kg, export rice remains at a low level.

Today, September 27th, rice prices in the Mekong Delta region decreased for both paddy and rice. Paddy prices fell by 200-300 VND/kg, while rice prices decreased by 100 VND/kg. Currently, rice prices are fluctuating around 10,450 – 12,900 VND/kg.

Observations in localities such as Hau Giang and Dong Thap show that the new rice crop is sluggish, with few high-quality grains and little price fluctuation. In Can Tho, the price of the autumn-winter rice crop is stable, and trading is slow. In Ca Mau, the peak harvest season has passed, less rice is available, and trading is subdued.

According to an update from the Department of Agriculture and Rural Development of An Giang province, today's rice prices have been adjusted compared to yesterday. IR 50404 is priced at 7,100 – 7,300 VND/kg, down 200 VND/kg; Dai Thom 8 rice is priced at 8,000 – 8,200 VND/kg; OM 5451 rice is priced at 7,400 – 7,700 VND/kg, down 200 VND; OM 18 rice is priced at 7,800 – 8,000 VND/kg; OM 380 rice fluctuates around 7,300 VND/kg, down 300 VND/kg; Nhat rice is at 7,800 – 8,000 VND/kg; and Nang Nhen (dried) rice is at 20,000 VND/kg.

Rice prices today, September 27th: Paddy prices decreased by 200-300 VND/kg, export rice prices remain low.

In addition, the glutinous rice market has adjusted compared to yesterday. Long An IR 4625 glutinous rice (dry) is priced at 9,500 – 9,700 VND/kg, down 100 VND/kg compared to yesterday. Long An 3-month glutinous rice (dry) is priced at 9,800 – 10,000 VND/kg, up 100 VND/kg compared to yesterday.

On the rice market, prices have been adjusted compared to yesterday. Currently, the price of IR 504 summer-autumn raw rice is at 10,450 – 10,600 VND/kg. Meanwhile, the price of finished IR 504 rice has decreased to 12,800 – 12,900 VND/kg, down 100 VND/kg.

Regarding by-products, the prices of various by-products range from 6,000 to 9,700 VND/kg. Currently, the price of OM 5451 broken rice is 9,600 – 9,700 VND/kg; the price of dry rice bran is 6,000 – 6,050 VND/kg.

At retail markets, rice prices remained unchanged for individual rice varieties. Currently, Nang Nhen rice is listed at the highest price of 28,000 VND/kg; Jasmine rice at 18,000 – 20,000 VND/kg; Nang Hoa rice at 20,000 VND/kg; regular white rice fluctuating around 15,000 – 16,000 VND/kg; long-grain Thai fragrant rice at 20,000 – 21,000 VND/kg; Huong Lai rice at 18,000 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; common white rice at 17,000 VND/kg; regular Soc rice at 18,000 – 18,500 VND/kg; Soc Thai rice at 21,000 VND/kg; and Japanese rice at 22,000 VND/kg.

On the export market, Vietnam's rice export prices have been adjusted compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice is priced at US$454/ton; standard 5% broken rice is priced at US$564/ton, down US$1; and 25% broken rice is priced at US$534/ton, down US$1.

Thai rice export prices fell to a 14-month low this week due to pressure from weak demand and competition from other rice exporting countries, while Indian rice prices rose slightly.

Thai 5% broken rice is quoted at $560 per ton, the lowest level since July 20, 2023, and down from $565 last week.

A Bangkok-based trader said that Indonesia has a demand for rice, but imports it from other exporters at lower prices, adding that the appreciation of the Thai baht also reduces the competitiveness of Thai rice.

5% broken rice from India, the world's leading rice exporter, was quoted at $536 a ton this week, up from $534 last week, the lowest level since mid-January 2024. A Mumbai-based business said, “The strong rupee is pushing prices up, but demand remains sluggish. Buyers are holding back in hope that India will cut export duties.”

According to the Vietnam Food Association, Vietnamese 5% broken rice was offered at $565 per ton on September 26th, down from around $580 the previous week. This decrease, according to a Ho Chi Minh City-based business, is due to competition from other suppliers such as Thailand, Cambodia, and Myanmar.

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