Rice prices on 10/08/2024: Rice prices increase slightly

Rice prices on October 8 domestically

The rice market on October 8 showed mixed trends, with a slight increase in rice prices but stability in paddy prices.

Paddy prices today (October 8) remained unchanged. Specifically:

• Long An sticky rice 3 months (dry) is priced at VND 9,800 - 10,000/kg; Long An IR 4625 sticky rice (dry) is priced at VND 9,500 - 9,700/kg.
• IR 50404 paddy is around VND 6,900 - 7,000/kg; fragrant rice Dai Thom 8 is stable at VND 7,800 - 8,000/kg.
• OM 5451 paddy is trading at VND 7,200 - 7,400/kg; OM 18 paddy is priced at VND 7,500 - 7,800/kg.
• OM 380 paddy is holding steady at VND 7,200 - 7,300/kg; Japanese paddy is stable at VND 7,800 - 8,000/kg.
• Nàng Nhen paddy (dry) is trading at VND 20,000/kg; while Nàng Hoa 9 paddy is at VND 6,900 - 7,000/kg.

Meanwhile, rice prices today (October 8) adjusted slightly upward.

• Raw IR 504 summer-autumn rice is priced at VND 10,150 - 10,250/kg; finished IR 504 rice is at VND 12,600 - 12,700/kg (up VND 100).
• Sticky rice is priced at VND 18,000 - 22,000/kg; ordinary 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 priced at VND 20,000 - 22,000/kg; Jasmine fragrant rice is at 18,000 - 20,000 VND/kg; Huong Lai rice is stable at VND 18,000/kg.
• Common white rice is purchased at VND 17,000/kg; Nang Hoa rice is at VND 20,000/kg; Ordinary Soc rice is maintained at VND 18,000 - 18,500/kg; while Soc Thai rice is priced at VND 21,000/kg.
• Taiwanese fragrant rice is priced at VND 21,000/kg; while Japanese rice remains stable at VND 22,000/kg.

Lastly, OM 5451 broken rice is priced at VND 9,400 - 9,600/kg, and dry bran is at VND 5,950 - 6,100/kg.

In the export market, 100% broken rice is priced at $ 443/ton; standard 5% broken rice is purchased at $ 542/ton. The price of 25% broken rice is at $ 512/ton.

Thus, rice prices on 10/08/2024, in the domestic market have little fluctuation compared to yesterday.

Vietnam and Ireland sign cooperation on transforming the food system

On October 3, during the state visit of General Secretary and President To Lam to Ireland, Minister of Agriculture and Rural Development Le Minh Hoan worked with Mr Charlie McConalogue - Minister of Agriculture, Food and the Marine of Ireland (DAFM).

The signing of the Memorandum of Understanding will create momentum to enhance efforts to improve the food safety system, traceability, digital transformation, and biosecurity strategy in the livestock sector.

On behalf of the Ministry of Agriculture and Rural Development, Minister Le Minh Hoan thanked Ireland for supporting staff training, particularly through the Ireland-Vietnam Cooperation Program in Agriculture and Food for the period 2023-2028 (IVAP).

Through IVAP, the Irish government awarded three scholarships worth a total of VND 2.2 billion to three Vietnamese students pursuing a master’s program in climate change, agriculture - food security, food technology, and science - engineering at Galway University.

Minister Le Minh Hoan believes that the three Vietnamese students will successfully complete their training program abroad. With the knowledge and experience gained from Ireland and their understanding of Vietnam, they will become skilled technicians, promoting the transformation of the national food system.

$ 1 = VND 24.635 - Source: Vietcombank.