Domestic rice price
According to the Vietnam Food Association (VFA), today's export rice prices increased by 1 - 2 USD/ton. 5% broken rice reached 387 USD/ton, up 1 USD; 25% broken rice increased to 362 USD/ton and 100% broken rice was at 319 USD/ton, up 2 USD/ton.
In the domestic market of the Mekong Delta, fresh rice prices are generally stable. Some localities such as Can Tho, Dong Thap, An Giang , Kien Giang recorded a slight improvement in the trading of Summer-Autumn rice, with prices remaining stable or increasing slightly.
Specifically, in An Giang, OM 5451 rice (fresh) costs 5,800 - 6,000 VND/kg; OM 18 is at 6,000 - 6,100 VND/kg; Dai Thom 8 ranges from 6,300 - 6,500 VND/kg; IR 50404 is from 5,300 - 5,500 VND/kg; Nang Hoa 9 holds the highest price from 6,650 - 6,750 VND/kg.
Prices of raw rice and finished rice in localities are also stable. Raw rice CL 555 fluctuates from 8,250 - 8,350 VND/kg; IR 504 from 8,050 - 8,150 VND/kg; OM 380 from 7,850 - 7,900 VND/kg. Meanwhile, OM 18 reached a high of 10,200 - 10,400 VND/kg. Finished rice IR 504 is currently at 9,500 - 9,700 VND/kg.
Areas such as Sa Dec, Lap Vo ( Dong Thap ) and An Cu (Tien Giang) recorded low supply, prices of basic rice varieties remained stable, demand improved but not strong. Some varieties such as OM 380 and 50404 were slightly scarce, prices fluctuated insignificantly.
For by-products, the price of OM 5451 broken rice increased by 100 VND, currently reaching 7,400 VND/kg. The price of bran fluctuates from 9,000 - 10,000 VND/kg.
At retail markets, consumer rice prices remained unchanged from yesterday. Nang Nhen rice still had the highest price of VND28,000/kg; regular rice was VND13,000 - 14,000/kg; Jasmine was VND16,000 - 18,000/kg; Huong Lai and Nhat rice were both VND22,000/kg; some other types of fragrant rice ranged from VND20,000 - 22,000/kg.
Export rice price
According to the Vietnam Food Association (VFA), Vietnam's rice export prices today (June 18) were generally stable, with only a few slight adjustments. The price of 5% broken rice increased slightly by 1 USD/ton to 387 USD/ton. Meanwhile, 25% broken rice and 100% broken rice decreased by 1 USD/ton to 361 USD/ton and 317 USD/ton, respectively.
On the other hand, the price of 5% broken rice from Thailand continued to decrease, currently at 396 USD/ton, while the same price from India and Pakistan remained unchanged at 381 USD/ton and 392 USD/ton.
Amid rising domestic rice prices in Japan and declining supply, two major rice exporting countries, Vietnam and Thailand, are seeing great opportunities from Japonica rice - a type of rice typical of Japanese taste and culinary culture.
Vietnam has just made an important step forward by exporting 500 tons of low-emission Japonica rice to Japan. This is an environmentally friendly rice variety that meets strict safety and sustainability standards. Chairman of the Vietnam Food Association Bui Ba Bong commented that Japan is in short supply and Vietnam has the potential to become a strategic partner in providing high-quality rice.
Meanwhile, Thailand is also gradually shifting from Indica to Japonica varieties to increase its presence in the high-end segment in Japan. Although rice exports to Japan have increased more than 1.3 times in the past 10 years, Thailand still faces challenges in import tariffs and increasingly fierce competition from countries in the region.
Currently, Japan imposes a high tariff of up to 341 yen per kilogram on rice imports exceeding the import quota, but the price of rice imported from Southeast Asia is still much lower than domestic rice. This allows Japanese businesses to continue to buy strongly, although it also poses a risk of facing a backlash from domestic farmers.
Source: https://baonghean.vn/gia-lua-gao-hom-nay-19-6-gao-xuat-khau-tang-nhe-10299936.html
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