Rice prices on 09/19/2024: Slight decline

Rice prices on September 19 domestically

Today, rice prices in the domestic market have slightly decreased for both rice and paddy.

The price of paddy today remains mostly stable. Demand in Hau Giang, Dong Thap, and Bac Lieu is slow, with low supplies coming in, and some warehouses offering low prices. Currently:

• Fresh sticky rice from An Giang is priced at VND 7,000 - 7,200/kg; sticky rice from Long An is around VND 7,400 - 7,600/kg;
• Dried sticky rice from Long An 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 priced at VND 7,200 - 7,500/kg (down VND 100); fragrant Dai paddy is stable at VND 8,000 - 8,200/kg;
• OM 5451 paddy is trading at VND 7,600 - 7,900/kg; OM 18 paddy is priced at VND 7,800 - 8,000/kg;
• OM 380 paddy remains around VND 7,600 - 7,800/kg; Japanese paddy is stable at VND 7,800 - 8,000/kg;
• Dried Nang Nhen paddy is trading at VND 20,000/kg; Nang Hoa 9 is priced at VND 6,900 - 7,000/kg.

As for rice prices, there is a downward trend. In An Giang and Dong Thap, warehouses are purchasing well, with slight price increases. In Lap Vo, supply is steady, with little price fluctuation. In An Cu (Soc Trang), rice prices are slightly variable, with low supply and slow demand.

• IR 504 summer-autumn raw rice is priced at VND 10,750 - 10,900/kg (down 100 VND); finished IR 504 rice is at VND 13,000 - 13,200/kg;
• Sticky rice is priced at VND 16,000 - 20,000/kg; regular rice is around VND 15,000 - 16,000/kg; Nang Nhen rice is priced at VND 28,000/kg.
• Long-grain fragrant Thai rice is priced at VND 20,000 - 21,000/kg; Jasmine fragrant rice is at VND 18,000 - 20,000/kg; Huong Lai rice is stable at VND 20,000/kg.
• Common white rice is being purchased at VND 17,000/kg; Nang Hoa rice is at VND 20,000/kg; Soc regular rice is maintained at VND 18,500/kg; Thai Soc rice is at 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 priced at VND 6,000 - 6,100/kg (down VND 100).

On the export market, the price of 100% broken rice is $ 455/ton; standard 5% broken rice is priced at $ 565/ton. The price of 25% broken rice stands at $ 535/ton.

Thus, rice prices on 09/19/2024, in the domestic market have slightly decreased compared to yesterday.

Organic rice production link brings profit of VND 30 million/ha.

This summer-autumn crop, Song Gianh Corporation has implemented an organic rice production linkage model in Ba Don town (Quang Binh province). This is also the first model to apply drone technology in the seeding and fertilization stages. With a bountiful harvest this summer-autumn season, the high profits have brought great joy to local farmers.

In recent years, Song Gianh Corporation has collaborated with local farmers to produce rice organically. In Ba Don town, the production linkage and product consumption have expanded over an area of 500 hectares, with more than 100 hectares gradually transitioning to organic production.

The value chain production model is implemented between Song Gianh Corporation and farmers in degraded rice fields. In the fields of Tien Son village, Quang Tien commune, Ba Don town, Quang Binh, farmers are entering the harvest season. The summer-autumn rice crop is yielding well with high productivity. Mr. Tran Minh Truc’s family has more than 10 Sao of rice land, and this season they have had a good harvest with high prices, resulting in significant profits for the farmers.

In line with their commitment, Song Gianh Corporation has purchased fresh rice from farmers at VND 7.2 million/ton, higher than market prices. In addition, the company also supports farmers with rice packaging and transportation from the fields to collection points. Previously, the company provided farmers with Huong Binh rice seeds, organic fertilizers, and drone equipment for seeding and fertilizing.

This creates opportunities for farmers to access and apply science and technology in production to reduce costs, increase productivity, and achieve high efficiency in agricultural production.

$ 1 = VND 24.410 - Source: Vietcombank.