Prices of paddy and rice in the Mekong Delta region increased last week.

Harvesting winter-spring rice at My Thanh Nam Agricultural Cooperative, Tien Giang province. (Photo: Minh Tri/ VNA)

Both paddy and rice prices in the Mekong Delta region increased last week because the winter-spring crop is coming to an end and supply is decreasing.

According to the Vietnam Food Association, the highest price of regular rice at the field last week was 7,850 VND/kg, the average price was 7,786 VND/kg, an increase of 243 VND/kg. The average price of regular rice at the warehouse increased by 375 VND/kg, to 9,292 VND/kg; the highest price was 9,550 VND/kg.

Prices of rice products also increased. The highest price of 5% broken rice was 14,000 VND/kg, the average price was 13,818 VND/kg, an increase of 225 VND/kg. The highest price of 15% broken rice was 13,750 VND/kg, the average price was 13,592 VND/kg, an increase of 258 VND/kg.

The highest price of 25% broken rice is 13,550 VND/kg, the average price is 13,308 VND/kg, an increase of 267 VND/kg. The price of grade 1 white rice increased by 475 VND/kg, the average price is 13,975 VND/kg. Grade 1 brown rice increased by 413 VND/kg, the average price is 11,583 VND/kg.

In An Giang , according to the update of the Department of Agriculture and Rural Development of the province, rice prices mainly remained stable, such as Dai Thom 8 from 7,700-8,000 VND/kg; Nang Hoa 9 from 7,600-7,700 VND/kg; IR 50404 from 7,300-7,500 VND/kg; Japanese rice from 7,800-8,000 VND/kg...

Some types also increased in price such as OM 18 from 7,800-8,000 VND/kg, an increase of 200 VND/kg; OM 5451 from 7,550-7,700 VND/kg, an increase of 100 VND/kg.

Regarding rice products in the retail market in An Giang, regular rice costs from 15,500 to 16,500 VND/kg; long-grain fragrant rice from 19,000 to 20,000 VND/kg; Jasmine rice from 17,500 to 19,000 VND/kg; common white rice from 17,000 VND/kg, Nang Hoa rice from 19,500 VND/kg...

Up to this point, Kien Giang province has basically completed harvesting the 2023-2024 Summer-Autumn and Winter-Spring rice crops, with an estimated output of more than 2.55 million tons, exceeding the plan by 3.86%, reaching 58.13% compared to the 2024 food year plan, with an average yield of 7.25 tons/ha.

Many localities in the Mekong Delta have basically finished harvesting the Winter-Spring rice crop and are actively preparing for the Summer-Autumn crop.

Regarding exports, Vietnam's 5% broken rice price was offered at 580 USD/ton in the session on April 11, unchanged from a week ago.

A trader in Ho Chi Minh City said domestic rice prices are rising slightly due to signs of a decline in supply, while saltwater intrusion in some Mekong Delta provinces is threatening rice production there.

Vietnam's rice exports in the first quarter of 2024 rose 17.8% from a year earlier to 2.18 million tonnes, according to customs data.

Meanwhile, export prices of rice from Thailand rose this week thanks to strong demand from Indonesia.

Meanwhile, Indian rice prices were near a two-month low. Thai 5% broken rice was offered at $585-$590 a tonne, up from $570 a tonne a week earlier.

New supplies are still being harvested and rice prices are being supported by demand from Indonesia, where buyers are sourcing from Thailand, Vietnam and Pakistan.

Top exporter India's 5% broken parboiled rice prices were quoted at $540-$548 a tonne this week.

Indian rice prices hit a record high of $560 a tonne last month after the country's customs changed the method of calculating export duties.

In the domestic market, supplies are still adequate but demand from Asian and African buyers has slowed down in the past few days, said an exporter in Mumbai.

Rice prices in Bangladesh remain high despite high production and record stocks, prompting the government to allow private imports of nearly 100,000 tonnes of rice to control prices.

Workers of Vuong Thanh Cong Production and Trading Company Limited (Dak Lak) harvest coffee. (Photo: Tuan Anh/VNA)

The world coffee market showed that on the London market on April 12, the price of Robusta coffee for delivery in May 2024 stood at 3,952 USD/ton (up 109 USD/ton).

Arabica coffee prices on the New York floor also increased sharply, with the May 2024 contract increasing by 6.67% to 235.05 cents/lb. (1 lb = 0.454 kg). Thus, Arabica coffee prices have reached a 6-month high and Robusta coffee prices seem to be constantly moving towards the peak of 30 years ago.

Concerns about unfavorable coffee crops in Brazil and Vietnam are supporting the market. Domestically, green coffee prices in the Central Highlands provinces are fluctuating between VND108,800-109,000/kg.

According to Vietnamese coffee export businesses, the new historical milestone of 110,000 or 120,000 VND/kg of coffee is only a matter of time, due to high world demand, while supply from Vietnam is running out./.

According to VNA

Source: https://www.vietnamplus.vn/gia-lua-va-gao-o-khu-vuc-dong-bang-song-cuu-long-tuan-qua-deu-tang-post940159.vnp

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