Rice prices on 10/15/2024: Rice continues to rise

Rice prices on October 15 domestically

Prices in the domestic market remain stable for paddy while showing a slight increase for rice products.

Paddy prices today (October 15) remain steady. Specifically:

• Long An sticky rice (dry) is priced at VND 9,800 - 10,000/kg; Long An IR 4625 sticky rice (dry) is priced at VND 9,600 - 9,700/kg.
• IR 50404 paddy is around VND 6,900 - 7,000/kg; Dai Thom 8 rice is at VND 7,800 - 8,000/kg.
• OM 5451 paddy is trading at VND 7,200 - 7,400/kg; OM 18 is priced at VND 7,500 - 7,800/kg.
• OM 380 is stable at VND 7,200 - 7,300/kg; Japanese paddy is at VND 7,800 - 8,000/kg.
• Nang Nhen paddy (dry) is trading at VND 20,000 VND/kg; Nang Hoa 9 is priced at VND 6,900 - 7,000/kg.

Meanwhile, rice prices on October 15 also remain mostly unchanged.

• Raw Summer-Autumn IR 504 rice is priced at VND 10,500 - 10,800/kg (up by VND 200-300); finished IR 504 rice is priced at VND 12,600 - 12,800/kg (up by VND 100).
• Sticky rice is priced at VND 18,000 - 22,000/kg; common rice is at VND 15,000 - 16,000/kg; Nang Nhen rice is at VND 28,000 VND/kg.
• Thai fragrant long-grain rice is priced at VND 20,000 - 22,000/kg; Jasmine rice is at VND 18,000 - 20,000/kg; Huong Lai rice remains at VND 18,000/kg.
• Regular white rice is bought at VND 17,500/kg; Nang Hoa rice is at VND 21,500/kg; Soc common rice remains at VND 18,000 - 18,500/kg; Soc Thai rice is at VND 21,000/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 priced at VND 9,500 - 9,600/kg; dry bran is at VND 5,950 - 6,050/kg.

On the export market, 100% broken rice is priced at $ 440/ton; standard rice with 5% broken rice is purchased at $ 538/ton. Meanwhile, the price of rice with 25% broken rice stands at $ 510/ton.

Thus, rice prices on 10/15/2024, show mixed movements compared to yesterday.

Expanding sustainable rice, durian, and coffee cultivation models

On the afternoon of October 14, the National Agricultural Extension Center signed a cooperation agreement with Bayer Vietnam Co., Ltd. to expand sustainable cultivation models and promote efficient and safe rice, durian, and coffee farming to enhance productivity and product quality in Vietnam by 2025.

Attending the signing ceremony were Mr Le Quoc Thanh, Director of the National Agricultural Extension Center, and Mr Kedelesara Govinda Rao Krishnamurthy, Director of the Crop Science Branch at Bayer Vietnam Co., Ltd.

The cooperation program aims to improve agricultural productivity and discover innovations in farming practices through model farms in major cultivation areas; implement integrated crop health management programs, and integrated pest management, and disseminate good agricultural practices for farmers growing rice, durian, and coffee to develop sustainable agriculture.

The two parties will also focus on cooperation to effectively implement the plan for 1 million hectares of high-quality, low-emission rice to increase rice productivity and improve rice production management in the Mekong Delta provinces by building high-quality rice production models, reducing emissions, and applying integrated pest management in durian and coffee cultivation efficiently, safely, and sustainably.

$ 1 = VND 24.720 - Source: Vietcombank.