Vietnam’s rice export prices hit an eight-month high last week due to tight supplies. 5% broken fragrant rice was offered at $455-$460 a tonne on August 28, the highest since early January, the Vietnam Food Association said.
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Exported rice products of Vinh Phat Rice Company Limited ( An Giang ). |
A trader in Ho Chi Minh City said supplies are tightening while demand remains stable, ahead of the Philippines' 60-day ban on rice imports that takes effect from September 1.
Regarding the domestic market, according to the Institute of Strategy and Policy on Agriculture and Environment, last week in Can Tho, Jasmine rice was priced at 8,400 VND/kg; IR 5451 rice was 6,200 VND/kg; OM 18 was 6,700 VND/kg; ST25 was 9,500 VND/kg.
According to the update of the Department of Agriculture and Environment of An Giang, the prices of some types of fresh rice purchased by traders are: IR 50404 rice at 5,700 - 5,900 VND/kg; OM 380 rice from 5,700 - 5,900 VND/kg; OM 5451 rice fluctuates at 5,900 - 6,000 VND/kg; OM 18 and Nang Hoa from 6,000 - 6,200 VND/kg; Dai Thom 8 from 6,100 - 6,200 VND/kg...
Regarding rice products in the retail market in An Giang, regular rice costs from 13,000 - 14,000 VND/kg; long-grain fragrant rice from 20,000 - 22,000 VND/kg; Jasmine rice from 16,000 - 18,000 VND/kg; common white rice 16,000 VND/kg, Nang Hoa rice 21,000 VND/kg; Huong Lai rice 22,000 VND/kg; Taiwanese fragrant rice 20,000 VND/kg; Soc rice usually fluctuates at 17,000 VND/kg; Soc Thai rice costs 20,000 VND/kg; Japanese rice costs 22,000 VND/kg...
The price of IR 504 raw rice is at 8,500 - 8,600 VND/kg, IR 504 finished rice is from 9,500 - 9,700 VND/kg; OM 380 raw rice is from 8,200 - 8,300 VND/kg; OM 380 finished rice fluctuates at 8,800 - 9,000 VND/kg.
For by-products, the price of by-products of all kinds fluctuates between 7,200 and 9,000 VND/kg. The price of dry bran is at 8,000 to 9,000 VND/kg.
The Ministry of Agriculture and Environment said that as of August 25, the Mekong Delta provinces had planted 1.829 million hectares of the 2025 Summer-Autumn crop, with a harvested area of about 1.085 million hectares, with a yield of 60.15 quintals/hectare, and an estimated output of 6.526 million tons of rice. The Autumn-Winter crop has been planted on 581,000 hectares out of the planned 700,000 hectares, reaching 83%. The Winter-Spring crop has been planted on 145,000 hectares out of the planned 337,000 hectares, reaching 43%.
In the Asian rice market, Indian rice prices remained stable while Thai rice prices fell due to excess inventories amid stable demand across the regions.
India’s 5% broken parboiled rice was quoted at $371-$376 a tonne, unchanged from last week. India’s 5% broken white rice was quoted at $363-$369 a tonne this week. A Mumbai-based dealer said overseas buyers are slowly increasing purchases of Indian rice as they realize prices have bottomed out.
Meanwhile, the price of 5% broken rice from Thailand has decreased from 365-370 USD/ton to 355 USD/ton last week due to excess supply.
A Bangkok-based trader said there was talk of India supplying an additional 20 million tonnes of rice and buyers were waiting for the additional supply. Another trader warned that Thai rice prices could fall further, especially as supplies are high in all countries but demand remains flat.
Thailand hopes to achieve its rice export target of 7.5 million tonnes this year by seeking more contracts in high-demand markets, a Commerce Ministry official said.
Source: https://baobacninhtv.vn/viet-nam-xuat-khau-gan-5-9-trieu-tan-gao-postid425546.bbg
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