Rice prices on 08/16/2024: Mixed movements

Rice prices on August 16 domestically

On August 16, the rice prices and paddy market in the Mekong Delta region showed a slight increase in paddy prices but a significant decrease in rice prices.

Specifically, paddy prices today remain high with good demand. In Soc Trang, prices are high and demand is strong. In An Giang, prices have increased slightly due to limited stock.

Currently, the price of fresh An Giang sticky rice is around VND 7,000 – 7,200/kg; fresh Long An sticky rice is priced at VND 7,400 – 7,600/kg.

Meanwhile, dried Long An sticky rice is priced at VND 7,000 – 7,900/kg; fresh IR 4625 sticky rice is around VND 7,800 – 7,900/kg.

For paddy, IR 50404 is holding steady at VND 7,500 – 8,000/kg; and Dai 8 fragant paddy is at VND 8,300 – 8,400/kg.

The price of OM 5451 paddy is stable at VND 8,000 – 8,200/kg (up VND 50); OM 18 paddy is priced at VND 8,300 – 8,400/kg; OM 380 paddy is around VND 7,000 – 8,000/kg (up VND 900); and Japanese paddy is at VND 7,800 – 8,000/kg.

In contrast, Nang Nhen (dry) paddy is trading at VND 20,000/kg; and Nang Hoa 9 is holding steady at VND 6,900 – 7,000/kg.

For rice, the Mekong Delta region shows stability with many low-quality rice and less good-quality rice. The rice prices in Lap Vo (Dong Thap) is stable with limited supply. In Sa Đéc (Dong Thap), rice prices remain high with limited supply and consistent buying.

Currently, the price of IR 504 Summer – Autumn raw rice is VND 11,700 – 11,800/kg (up VND 50); and finished IR 504 rice is VND 13,750 – 13,850/kg.

Sticky rice prices are VND 16,000 – 20,000/kg; regular rice is VND 15,000 – 16,000/kg; and Nang Nhen rice is VND 28,000/kg (down VND 2,000).

Similarly, Thai fragrant long-grain rice is priced at VND 20,000 – 21,000/kg; Jasmine rice is VND 18,000 – 20,000/kg; and Huong Lai rice remains at VND 20,000/kg.

Common white rice is bought at VND 17,000/kg; Nang Hoa rice is VND 20,000/kg; Soc rice is VND 18,500/kg; and Soc Thai rice is VND 20,000/kg.

Taiwan fragrant rice is priced at VND 21,000/kg, and Japanese rice remains at VND 22,000/kg.

Additionally, OM 5451 broken rice is priced at VND 9,450 – 9,550/kg and dry bran is VND 7,300 – 7,350 /kg.

In the export market, the price of 100% broken rice is $ 440/ton; 5% broken rice is $ 570/ton. The price of 25% broken rice is $ 536/ton.

Thus, rice and paddy prices on 08/16/2024, are mixed domestically.

Quang Tri implements measures to respond to natural disasters for the Summer-Autumn rice crop

According to the Quang Tri Department of Agriculture and Rural Development, there are currently over 21,000 ha of rice in the province that have reached the flowering, milky, and dough stages. While Hai Lang district is at the peak of its harvest and nearing completion, other areas have also begun their harvesting process.

However, there are still about 1,500 ha of rice that have not yet flowered, concentrated in Cam Lo district, Dong Ha City, Huong Hoa, and Dakrong. Forecasts indicate that there may be large-scale heavy rains in the near future. To proactively respond to these natural disasters and ensure a successful summer-autumn crop, the Department of Agriculture and Rural Development is working with localities to implement appropriate measures.

Ms. Nguyen Hong Phuong, Deputy Director of the Quang Tri Department of Agriculture and Rural Development, stated that the expected yield for this summer-autumn rice crop in Quang Tri is close to 6 tons per hectare. This is predicted to be the highest yield for a summer-autumn crop to date.

“The principle of the provincial agriculture sector is ‘harvest green at home rather than late in the field.’ The area of rice that has already flowered is expected to be harvested before August 30. For the areas of rice that have not yet flowered in Cam Lo, Gio Linh, and Dong Ha, the provincial agriculture sector is guiding farmers on care and pest control measures to ensure the rice flowers sooner. This area is expected to be harvested before September 5”, Ms Phuong said.

$ 1 = VND 24.860 – Source: Vietcombank.