Rice prices on 09/09/2024: remain stable

Rice prices on 09/09/2024

The rice market on September 9 remains stable, with slow trading and limited high-quality rice available.

Rice prices today are unchanged. Currently:

• Fresh An Giang sticky rice is priced at VND 7,000 - 7,200/kg; fresh Long An sticky rice is around VND 7,400 - 7,600/kg;
• Dry Long An sticky rice is priced at VND 7,000 - 7,900/kg; fresh IR 4625 sticky rice is around VND 7,400 - 7,600/kg;
• IR 50404 paddy is around VND 7,800 - 8,000/kg; Dai Thom 8 paddy is priced at VND 8,300 - 8,500/kg;
• OM 5451 paddy is trading at VND 8,200 - 8,400/kg; OM 18 paddy is priced at VND 8,300 - 8,500/kg;
• OM 380 paddy is around VND 7,600 - 7,800/kg; Japanese paddy is priced at VND 7,800 - 8,000/kg;
• Dry Ngan Nhen paddy is trading at VND 20,000/kg; Ngan Hoa 9 paddy is priced at VND 6,900 - 7,000/kg.

Similarly, rice prices today are stable, with limited supply. Accordingly:

• Raw material IR 504 summer-autumn rice is priced at VND 10,600 - 10,750/kg; finished IR 504 rice is VND 12,800 - 13,000/kg;
• Core sticky rice is VND 16,000 - 20,000/kg; common rice is at VND 15,000 - 16,000/kg; Ngan Nhen rice is VND 28,000/kg.
• Thai fragrant long-grain rice is VND 20,000 - 21,000/kg; Jasmine rice is VND 18,000 - 20,000/kg; Huong Lai rice remains at VND 20,000/kg.
• Common white rice is purchased at VND 17,000/kg; Ngan Hoa rice is VND 20,000/kg; Soc rice is stable at VND 18,500/kg; Thai Soc rice is VND 20,000/kg.
• Taiwanese fragrant rice is VND 21,000/kg; Japanese rice is priced at VND 22,000/kg.
• Broken OM 5451 rice is at VND 8,600 - 8,800/kg; dry rice bran is priced at VND 6,600 - 6,700/kg.

On the export market, 100% broken rice is at $ 452/ton; standard 5% broken rice is at $ 573/ton. Meanwhile, 25% broken rice is priced at $ 535/ton.

Thus, the prices of paddy and rice on 09/09/2024, in the domestic market remain unchanged.

Ninh Binh has 544 Ha of summer rice destroyed by the Typhoon

In Yen Mo and Nho Quan districts (Ninh Binh province), local farmers are urgently going to their fields to prop up and tie the summer rice crops that have been knocked down by the typhoon. They are also harvesting areas that are nearly ripe but at risk of waterlogging.

Mr. Dinh Van Khiem, Deputy Director of the Department of Agriculture and Rural Development of Ninh Binh province, reported that for the 2024 summer crop, the entire province planted more than 31,000 ha of rice. The aftermath of Typhoon No. 3 has caused 544 ha of rice to be flattened, including 178 ha of rice nearing maturity in the Yen Mo district and 366 ha in the Nho Quan district.

However, these affected areas are not of major concern as the rainfall was low. With the storm’s landfall warnings, local authorities directed the drainage of irrigation systems and the removal of excess water, so the water level in the fields is not high and the rice is not submerged.

Farmers only need to prop up and tie the rice, and once the sun comes out, they can harvest. In areas with high water levels, farmers have proactively pumped out excess water and mobilized labour for manual harvesting, following the principle of "harvesting the green at home is better than letting it age in the field" when harvesting machines are not yet able to get down to fields.

$ 1 = VND 24.410 - Source: Vietcombank.