Extend the sideways movement.

Rice prices in the Mekong Delta region today, September 3rd, continue to remain stable.

Observations from the rice market today show that the price of late summer-autumn rice remains high, and farmers are delighted with the good prices they are receiving.

Currently, the 2024 autumn-winter rice crop of farmers in Can Tho City and many provinces in the Mekong Delta, although only in the heading, flowering, ripening, and preparing to ripen stages, has already attracted many traders and businesses who have placed deposits to purchase it at good prices.

According to an update from the Department of Agriculture and Rural Development of An Giang province, today's rice prices remain unchanged compared to yesterday. IR 50404 rice is priced around 7,900 - 8,000 VND/kg; Dai Thom 8 rice is at 8,500 - 8,600 VND/kg; OM 5451 rice is at 8,200 - 8,400 VND/kg; OM 18 rice is at 8,500 - 8,600 VND/kg; OM 380 rice is around 7,800 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 3, 2024: Continuing the sideways trend.

In addition, the glutinous rice market remained stable compared to yesterday. IR 4625 glutinous rice (fresh) was priced at 7,400 - 7,600 VND/kg, unchanged from yesterday. An Giang glutinous rice (fresh) was priced at 7,000 - 7,200 VND/kg, also unchanged from yesterday.

On the rice market, rice prices remained unchanged compared to yesterday. Currently, IR 504 summer-autumn raw rice is priced at 11,100 - 11,200 VND/kg; finished IR 504 rice is priced at 13,200 - 13,300 VND/kg.

Regarding by-products, the prices of various by-products range from 6,900 to 9,300 VND/kg. Currently, the price of OM 5451 broken rice remains at 9,200 - 9,300 VND/kg; the price of dry rice bran remains at 6,900 - 7,000 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 20,000 VND/kg; Taiwanese fragrant rice at 21,000 VND/kg; common white rice at 17,000 VND/kg; regular Soc rice at 17,500 - 18,000 VND/kg; Soc Thai rice at 21,000 VND/kg; and Japanese rice at 22,000 VND/kg.

On the export market, Vietnamese rice export prices remained unchanged compared to yesterday. According to the Vietnam Food Association (VFA), 100% broken rice was priced at US$452/ton; standard 5% broken rice at US$575/ton; and 25% broken rice at US$535/ton.

Rice exports continue to enjoy favorable conditions, with prices for many types of exported rice recently improving compared to previous months. In recent weeks, the export price of 5% broken rice from Vietnam has reached 575-579 USD/ton, and 25% broken rice at 535-547 USD/ton.

According to the Vietnam Food Association, by the end of July 2024, Vietnam had exported 5.299 million tons of rice, worth 3.34 billion USD, an increase of 8.3% in volume and 27.65% in value compared to the same period in 2023. The projected rice exports for the whole year are over 7 million tons, as planned.