Rice prices on 09/06/202: slight decrease after a recent increase

Rice prices on September 6 domestically

The rice market on August 29 witnessed a slight decrease, with slow trading.

Rice prices today slightly decreased. In Tien Giang, An Giang, Dong Thap, and Can Tho... new rice arrivals were limited, and prices showed a downward trend. Specifically:

• Fresh sticky rice in An Giang remains at VND 7,000 - 7,200/kg; fresh sticky rice in Long An is around VND 7,400 - 7,600/kg;
• Dry sticky rice in Long An is priced at VND 7,000 - 7,900/kg; fresh sticky rice IR 4625 is around VND 7,400 - 7,600/kg;
• IR 50404 rice holds steady at VND 7,800 - 8,000/kg (down by VND 100); Dai Thom 8 rice remains at VND 8,300 - 8,500/kg (down by VND 100-200);
• OM 5451 rice is traded at VND 8,200 - 8,400/kg; OM 18 rice is priced at VND 8,400 - 8,600/kg (down by VND 100);
• OM 380 rice stays at VND 7,600 - 7,800/kg (down by VND 200); Japanese rice remains at VND 7,800 - 8,000/kg;
• Dry Nang Nhen rice is traded at VND 20,000/kg; Nang Hoa 9 rice remains at VND 6,900 - 7,000/kg.

Similarly, rice prices today are also declining, with fewer arrivals, and slow warehouse purchases. In An Cu, rice prices are stable, warehouse purchases are slow, with few new rice arrivals. In Sa Dec, bad weather has hindered warehouse purchasing, resulting in lower prices due to poor quality.

• Raw IR 504 Summer-Autumn rice is priced at VND 11,100 - 11,200/kg (down by VND 150);
• Finished IR 504 rice is priced at VND 13,100 - 13,300/kg (down by VND 50-150);
• Inner sticky rice is priced at VND 16,000 - 20,000/kg;
• Regular rice is priced at VND 15,000 - 16,000/kg; Nang Nhen rice is priced at VND 28,000/kg.
• Thai fragrant long-grain rice is priced at VND 20,000 - 21,000/kg; Jasmine fragrant rice is priced at VND 18,000 - 20,000/kg; Huong Lai rice remains at VND 20,000/kg.
• Common white rice is bought at VND 17,000/kg; Nang Hoa rice is priced at VND 20,000/kg; regular Soc rice stays at VND 18,500/kg; Soc Thai rice is priced at VND 20,000/kg.
• Taiwanese fragrant rice is priced at VND 21,000/kg; Japanese rice remains at VND 22,000/kg.
• OM 5451 broken rice is priced at VND 8,800 - 9,100/kg (down by VND 200-400), and dry bran is priced at VND 6,750 - 6,850/kg (down by VND 50).

On the export market, 100% broken rice is priced at $ 452/ton; standard 5% broken rice is priced at $ 575/ton. Meanwhile, 25% broken rice is priced at $ 535/ton.

Thus, domestic rice prices on 09/06/2024, have all slightly decreased.

1 million hs of seasonal rice at risk due to typhoon no. 3

In light of typhoon no. 3, which is forecasted to reach super typhoon levels, Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep stated that this is the strongest typhoon in the past 20 years to hit the Gulf of Tonkin. The forecast shows that when it reaches land, the typhoon will weaken to level 12 with a level 4 disaster risk. The Deputy Minister requested the Directorate of Dykes Management and Disaster Prevention and Control to provide recommendations.

On the morning of September 6, the Ministry of Agriculture and Rural Development will send delegations to localities to monitor and direct the situation as the typhoon is expected to impact agricultural production. With decisive administrative measures in place, it is crucial to inform and encourage people to reinforce their homes and protect their assets. Additionally, water drainage and reservoir operations need to be calculated.

According to the Directorate of Water Resources and the Disaster Management Agency, if the typhoon proceeds as forecast, the Northern Delta region will face severe impacts, particularly in agricultural production. Currently, about 1 million ha of rice in the region are in the heading and flowering stages, which are highly susceptible to severe damage if heavy rain and storms occur. The North Central region also has about 15,000 ha of rice nearing harvest, increasing the risk of crop loss. Furthermore, various vegetables, aquaculture, and fruit trees will also be significantly affected if the storm persists.

Deputy Minister of Agriculture and Rural Development Hoang Trung stated that other sectors could take flexible measures, but the planting sector “must stay put.” The Department of Crop Production has issued detailed instructions to localities on how to handle rice, industrial crops, and fruit trees before and after the storm hits.

Deputy Minister Hoang Trung emphasized that if about 1 million hectares of seasonal rice (expected to yield 6 million tons) are not well protected, achieving the national goal of producing 43 million tons of rice in 2024 will be difficult. Additionally, about 63,000 ha of vegetables and other fruit trees need to be monitored and calculated.

Vegetables and rice are the two areas that will be most affected. Therefore, it is necessary to closely monitor the situation, and deploying inspection teams to localities will help ensure flexible and thorough management, improving local responses, Deputy Minister Hoang Trung stated.