Rice prices on 09/13/2024: Mixed movements

Rice prices on September 13 domestically

The rice market on September 13 showed mixed movements with varying increases and decreases in paddy and rice prices.

Paddy prices today fluctuated between an increase and a decrease of VND 100 - 200. The demand for paddy in Tien Giang, An Giang, Dong Thap, Can Tho, ..., is slow, with few new transactions and slight price reductions. Currently:

• An Giang sticky rice (fresh) is stable at VND 7,000 - 7,200/kg; Long An sticky rice (fresh) is around VND 7,400 - 7,600/kg.
• Long An sticky rice (dry) is priced at VND 7,000 - 7,900/kg; IR 4625 sticky rice (fresh) is stable around VND 7,400 - 7,600/kg.
• IR 50404 paddy is holding around VND 7,400 - 7,600/kg (up VND 200); Dai Thom 8 paddy is stable at VND 7,900 - 8,200/kg (up VND 100).
• OM 5451 paddy is traded at VND 7,600 - 7,900/kg (down VND 100-200); OM 18 paddy is VND 7,900 - 8,200/kg (down VND 100).
• OM 380 paddy is around VND 7,600 - 7,800/kg; Japonica paddy is stable at VND 7,800 - 8,000/kg.
• Nang Nhen (dry) paddy is trading at VND 20,000/kg; Nang Hoa 9 is stable at VND 6,900 - 7,000/kg.

Rice prices today continue to decline. In An Cu (Soc Trang), the supply is low, and the arrival is slow, with high-quality rice at higher prices and steady purchases. In Sa Dec (Dong Thap), purchases are slow, with moderate buying strength and rice prices show slight fluctuations.

• IR 504 Summer-Autumn raw rice is at VND 10,650 - 10,750/kg (down VND 50); IR 504 processed rice is VND 12,800 - 13,000/kg (down VND 200).
• Sticky rice prices range from VND 16,000 - 20,000/kg; Common rice is at VND 15,000 - 16,000/kg; Nang Nhen rice is priced at VND 28,000/kg.
• Thai fragrant long-grain rice is at VND 20,000 - 21,000/kg; Jasmine fragrant rice is VND 18,000 - 20,000/kg; Huong Lai rice is holding at VND 20,000/kg.
• Common white rice is bought at VND 17,000/kg; Nang Hoa rice is at VND 20,000/kg; Soc rice is maintained at VND 18,500/kg; Soc Thai rice is VND 20,000/kg.
• Taiwanese fragrant rice is priced at VND 21,000/kg; Japanese rice is stable at VND 22,000/kg.
• OM 5451 broken rice is at VND 8,600 - 8,800/kg; Dry bran is at VND 6,450 - 6,650/kg (down VND 50-150).

On the export market, the price of 100% broken rice is $ 452/ton; standard 5% broken rice is priced at $ 567/ton. Meanwhile, the price of 25% broken rice is at $ 533/ton.

Thus, on 09/13/2024, the domestic rice prices show mixed trends.

Some areas in the Red River Delta are expected to clear flooding in the coming days.

According to the representative of the Department of Water Resources (Ministry of Agriculture and Rural Development), most of the rice fields are not completely submerged but only experiencing deep flooding. With ongoing drainage efforts, water levels in the fields are gradually decreasing, and the rice plants are still able to withstand the conditions.

The Vietnam Agriculture News reports that previously, the Department of Water Resources had requested the Departments of Agriculture and Rural Development and irrigation facility operators in various provinces to focus on operating their facilities at maximum capacity to urgently address drainage, ensuring safety for production and local livelihoods when conditions allow.

Irrigation facility operators are on 24/24h standby, closely monitoring weather and hydrological conditions to enhance the effectiveness of drainage operations to the highest possible level.

Localities need to cooperate with irrigation facility management units to focus on drainage, prioritizing assistance to areas with high-value crops and those deeply flooded..., to minimize damage from flooding.

According to the representative of the Institute of Water Resources Planning, with relatively positive forecasts, some areas will gradually resolve the flooding situation in the coming days.

$ 1 = VND 24.360 - Source: Vietcombank.