Rice market today, May 19: Rice export price increased slightly, domestic price remained stable

On May 19, the domestic rice market continued to maintain a stable pace in the Mekong Delta provinces, while Vietnam's rice exports showed signs of slight recovery, especially in the high-quality rice segment.

Domestic rice market today May 19

According to the Department of Agriculture and Rural Development of An Giang province, the price of fresh rice today has not changed significantly compared to last weekend. Specifically, Dai Thom 8 and OM 18 rice fluctuate from 6,800 - 7,000 VND/kg. IR 50404 rice is purchased at 5,300 - 5,500 VND/kg; OM 380 is in the range of 5,400 - 5,800 VND/kg. OM 5451 rice is currently priced from 5,900 - 6,200 VND/kg, while Nang Hoa 9 is traded at 6,000 - 6,650 VND/kg.

The market for raw rice and finished products also maintained stable prices. IR 504 raw rice is currently fluctuating between VND8,300 and VND8,400 per kg; OM 18 is higher, from VND10,200 to VND10,400 per kg. Meanwhile, IR 504 finished rice is sold at VND9,500 to VND9,700 per kg; OM 380 is around VND8,800 to VND9,000 per kg.

Prices of by-products such as OM 5451 broken rice and bran remain stable, fluctuating between 7,400 - 9,000 VND/kg.

At traditional markets and retail systems, the prices of rice of all kinds have not recorded any new fluctuations. Regular rice is sold at around 13,000 - 15,000 VND/kg; Jasmine rice ranges from 16,000 - 18,000 VND/kg. Regular white rice remains at 16,000 VND/kg, Soc usually at around 17,000 VND/kg, and long-grain Thai fragrant rice from 20,000 - 22,000 VND/kg.

Premium rice varieties such as Jasmine, Nang Hoa, Japanese rice, Soc Thai and Taiwanese fragrant rice are sold at 20,000 - 22,000 VND/kg. Notably, Nang Nhen specialty rice continues to hold the highest price on the market at 28,000 VND/kg.

Export rice price on May 19

In the export market, Vietnamese rice prices continue to remain high and affirm their competitive position in the international market. According to the Vietnam Food Association (VFA), as of May 15, Vietnamese 5% broken rice is being offered for sale at around 398 - 402 USD/ton.

This price is higher than the same type of rice from India (382 - 386 USD/ton) and Pakistan (389 - 393 USD/ton), and is the highest level since April. This development shows that the export rice market is recovering firmly after the decline in the first quarter.

Other rice varieties also recorded stable prices. 25% broken rice is currently traded at $368 per ton, while 100% broken rice fluctuates around $321 per ton.

In the premium rice segment, rice varieties such as OM 5451 and OM 18 continue to be positively received by the international market with prices ranging from 500 - 530 USD/ton. In particular, specialty rice varieties such as ST25 and organic rice still maintain their value, ranging from 800 - 1,200 USD/ton - one of the highest prices in the global rice market today.

Thanks to that, the average export price of Vietnamese rice is currently maintained at over 500 USD/ton, equivalent to about 12,000 VND/kg - a high level showing the stability of both quality and reputation of Vietnamese rice brand in the international market.

The recent recovery in rice export prices is mainly due to the strong return of demand from strategic markets such as the Philippines, China, Africa and the Middle East. In the context of volatile weather and global food security being put on top, many countries are increasing their reserves, creating a golden opportunity for major exporting countries such as Vietnam.

The fact that global supply and demand are gradually re-establishing a balance that is beneficial to producers not only creates conditions to promote selling prices but also helps Vietnam increase its negotiating capacity, expand its market share, and raise the value of rice on the world export map.

Source: https://baoquangnam.vn/thi-truong-lua-gao-hom-nay-19-5-gao-xuat-khau-tang-nhe-gia-trong-nuoc-giu-on-dinh-3155095.html