A volatile week, rice prices tend to increase

Rice prices today, July 7, in the Mekong Delta region remained stable. Rice market transactions were slow and prices were stable.

Specifically, according to the update from the Department of Agriculture and Rural Development of An Giang province, the rice varieties today are unchanged. Of which, IR 50404 stable rice price fluctuates around 6,800 - 6,900 VND/kg; Dai Thom 8 rice price is 7,100 - 7,200 VND/kg; OM 5451 stable price is 7,000 - 7,100 VND/kg; OM 18 rice price is 7,000 - 7,200 VND/kg; OM 380 fluctuates from 7,200 - 7,300 VND/kg. Japanese rice is at 7,800 - 8,000 VND/kg; Nang Hoa 9 price is 7,600 - 7,700 VND/kg and Nang Nhen rice (dry) is at 20,000 VND/kg.

Accordingly, the sticky rice market recorded no adjustment compared to yesterday. The price of 3-month sticky rice (dry) remained unchanged compared to the price of 8,800 VND/kg to 9,000 VND/kg. In addition, 9,000 - 9,200 VND/kg is the selling price applied to Long An sticky rice (dry). On the other hand, 3-month sticky rice (fresh) and Long An sticky rice (fresh) continued to be stable today.

Last week, rice prices fluctuated in an upward direction at the beginning of the week, decreased in the middle of the week, and remained stable at the end of the week. In many localities, rice prices fluctuated little, transactions were stable, and traders asked to buy regularly.

Rice price today, July 7 and summary of last week: A week of slight fluctuations, rice price tends to increase

Similarly, the prices of various types of rice today also remained unchanged after yesterday's adjustment session. Specifically, raw IR 504 Summer-Autumn rice was stable at VND10,750-10,900/kg; finished IR 504 rice was stable at VND12,800-12,900/kg.

For by-products today, there is no adjustment compared to yesterday. Currently, the price of IR 504 sheet has no adjustment compared to yesterday at 9,100 - 9,200 VND/kg. Meanwhile, the price of dry bran remains stable at 7,000 - 7,100 VND/kg.

In today's rice market, transactions are stable, prices fluctuate little, warehouses buy a lot, sources come in little; new rice quality is poor, difficult to sell.

At retail markets, rice prices have not been adjusted. Currently, Nang Nhen rice has the highest listed price of VND30,000/kg; Jasmine rice is VND18,000 - 20,000/kg; Nang Hoa rice is VND20,000/kg; regular rice fluctuates around VND15,000 - 16,000/kg; long-grain fragrant rice is VND20,000 - 21,000/kg; Huong Jasmine rice is VND20,000/kg; Taiwanese fragrant rice is VND21,000/kg; common white rice is VND17,000/kg; regular Soc rice is VND18,500/kg; Thai Soc rice is VND20,000/kg; Japanese rice is VND22,000/kg.

In the export market, Vietnam's rice export prices have not been adjusted. According to the Vietnam Food Association (VFA), 100% broken rice is at 470 USD/ton; 5% broken rice is currently at 572 USD/ton; 25% broken rice is stable at 547 USD/ton.