Rice prices on 09/16/2024: Markets are stable

Rice prices on September 16 domestically

The domestic market on September 16 shows no new changes for both paddy and rice.

For paddy, prices remain relatively stable today. Demand for paddy in Soc Trang, Long An..., is steady, with few new transactions. Currently:

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

Rice prices today show no new changes, with transactions remaining stable. In Sa Dec (Dong Thap), buying is steady, and rice prices are unchanged.

• Raw IR 504 rice is at VND 10,600 - 10,750/kg; finished IR 504 rice is at VND 12,800 - 13,000/kg.
• Sticky rice is priced at VND 16,000 - 20,000/kg; common rice is at VND 15,000 - 16,000/kg; Nang Nhen rice is at VND 28,000/kg.
• Thai fragrant long-grain rice is at VND 20,000 - 21,000/kg; Jasmine rice is at VND 18,000 - 20,000/kg; Huong Lai rice is at VND 20,000/kg.
• Common white rice is at VND 17,000/kg; Nang Hoa rice is at VND 20,000/kg; Soc rice is at VND 18,500/kg; Soc Thai rice is at VND 20,000/kg.
• Taiwanese fragrant rice is at VND 21,000/kg; Japanese rice is at VND 22,000/kg.
• OM 5451 broken rice is at VND 8,600 - 8,800/kg; dry rice bran is at VND 6,150 - 6,350/kg.

On the export market, 100% broken rice is priced at $ 452/ton; 5% broken rice is at $ 563/ton. The price for 25% broken rice is at $ 533/ton.

Thus, rice prices in the domestic market on 09/16/2024, remain stable.

Thailand shares experience on rice origin traceability

On the afternoon of September 10, representatives from Thailand's Ministry of Agriculture and Cooperatives shared their experience in rice traceability at the regional forum ‘Low Emission Rice Cultivation’.

According to Chitnucha Buddhaboon, Deputy Director of the Rice Department in Thailand, in 1957, Thailand established the National Rice Standard to standardize rice quality to protect consumers and enhance export value. This was one of the initial steps to establish an official standard system for Thailand's rice production industry.

Over the years, Thailand has continuously updated and improved these standards to meet the increasing demands of both domestic and international markets, producing high-quality rice products while integrating sustainable and environmentally friendly practices.

Chitnucha Buddhaboon emphasized that standards must be applied from sowing to the final product. Thai farmers actively use technological methods and adhere to Good Agricultural Practices (GAP) requirements for rice production.

$ 1= VND 24.350 - Source: Vietcombank.