Rice prices increase slightly in many localities, transactions remain slow
According to the Department of Agriculture and Environment of An Giang province, the price of many types of fresh rice in the Mekong Delta increased slightly today.
Specifically, OM 308 rice increased by 100 VND, fluctuating at 5,700 - 5,900 VND/kg; IR 50404 rice increased by 200 VND, to 5,800 - 6,000 VND/kg. Other rice varieties such as OM 5451, OM 18, Dai Thom 8 also maintained stable prices from 5,900 - 6,200 VND/kg. In particular, Nang Hoa 9 rice still fluctuated between 5,600 - 5,700 VND/kg.
Although prices increased slightly, records from the provinces show that transactions are still at a moderate level. In Dong Thap, farmers' rice supply is quite good, but the purchasing power from traders is still weak. The same situation occurs in An Giang, Hau Giang , Tay Ninh (old Long An), and Kien Giang (new An Giang), when the amount of harvested rice is not much, the buying and selling market is slow, and prices fluctuate little.
Raw rice prices slightly decreased, finished products stable
In contrast to the development of rice, some raw rice varieties recorded a slight decrease today. IR 504 raw rice decreased by 200 VND, fluctuating at 7,700 - 7,800 VND/kg. Meanwhile, other raw rice varieties such as OM 18, CL 555, OM 380 and 5451 maintained prices from 7,850 - 9,500 VND/kg depending on the type.
Finished rice prices remain stable. OM 380 rice fluctuates between VND8,800 and VND9,000 per kg, while IR 504 rice is at VND9,500 and VND9,700 per kg. By-product prices also do not fluctuate much, with fragrant broken rice at VND7,350 and VND7,500 per kg and bran at VND8,000 and VND9,000 per kg.
In localities, the amount of rice arriving is low, warehouses are slow to buy, especially for rice varieties 504, OM 308 and Dai Thom. In Lap Vo and Sa Dec (Dong Thap), rice prices are stable, but the amount of goods arriving is small. Sa Dec market channel has a better amount of rice arriving, warehouses are still selecting goods, prices remain stable. In An Cu ( Tien Giang ), transactions have not yet become active again.
Retail rice prices stable, export market flat
At retail markets, the prices of rice for consumption have not fluctuated compared to the weekend. Nang Nhen rice remains the highest at VND28,000/kg, Huong Lai at VND22,000/kg. Fragrant rice such as Jasmine, Taiwan, Nang Hoa, Soc Thai and Japanese rice fluctuate from VND16,000 to VND22,000/kg. Common white rice is at VND16,000/kg, regular rice is from VND14,000 to VND15,000/kg.
In the export market, Vietnamese rice prices remained stable. According to the Vietnam Food Association (VFA), 5% broken rice remained at $382 per ton; 25% broken rice at $357 per ton; and 100% broken rice at $317 per ton. Although prices remained stable, pressure from the international market and competition for supply remained.
In summary, the rice market on July 8 recorded mixed trends: paddy prices increased slightly, while raw rice prices decreased. Transactions in localities were still slow, reflecting the cautious sentiment of both sellers and buyers in the context of low output and the export market still struggling.
Source: https://baodanang.vn/gia-lua-gao-ngay-8-7-gia-lua-tang-nhe-thi-truong-giao-dich-van-i-ach-tai-dbscl-3265223.html
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