Over the past week, the export price of Vietnam’s rice has risen to the highest level since the end of April 2023.
According to experts, the cause is low supply. Vietnam’s 5% broken rice was offered at 490-495 USD per ton which was higher than the 485-495 USD per ton recorded last week.
Preliminary data from the General Department of Customs showed that, in May 2023, 213,000 tons of rice were unloaded at Ho Chi Minh City’s port. Most of the rice is shipped to the Philippines, Indonesia, and Africa.
The export price of Vietnam’s rice has risen to the highest level since the end of April 2023.
Vietnamese rice’s competitor, Thailand’s 5 % broken rice, this week was listed at 495-500 USD per ton which was slightly lower than last week’s average of 500 USD per ton.
In India, 5 % broken rice was unchanged from the price of 374 to 378 USD per ton last week. The falling rupee is boosting the profits of Indian exporters.
Vietnam’s rice export is currently a bright spot when accumulation from the beginning of the year has increased by nearly 41% in quantity and 52% in value over the same period.
Today’s rice prices in the Mekong Delta provinces are as followings:
- In An Giang, the price of Dai Huong 8 rice is 6,800 – 7,000 VND/kg;
- IR 50404 6,200 – 6,400 VND/kg;
- OM 5451 6,400 – 6,500 VND/kg;
- OM 18 remains at 6,800 VND/kg;
- Japan rice 7,800 – 8,000 VND/kg;
- Nang Hoa 9 is 6,600 – 6,750 VND/kg;
- Dried Long An sticky rice 7,600 – 7,800 VND/kg;
- An Giang sticky rice 7,700 – 7,800 VND/kg;
Regarding white rice:
- Common type 4,600 VND/kg;
- Soc rice 14,000 – 15,000 VND/kg;
- Nang Hoa 18,500 VND/kg;
- Thai long-grain fragrant rice 18,000 – 19,000 VND/kg;
- Japan rice 22,000 VND/kg;
- Bran 8,000 – 8,500 VND/kg;
At retail markets, rice prices remain stable:
- Common rice 11,000 – 12,500 VND/kg;
- Jasmine fragrant rice 15,000 – 16,000 VND/kg;
- Soc rice 15,000 VND/kg;
- Sticky rice 16,000 – 18,000 VND/kg;
- Common white rice 14,500 VND/kg;
- Nang Hoa rice 18,500 VND/kg;
- Thai Soc rice 18,000 VND/kg;
- Taiwan fragrant rice 20,000 VND/kg;
- Japan rice 22,000 VND/kg;
- Bran 7,500 – 8,000 VND/kg;
- Thai long-grain fragrant rice remains 18,000 – 19,000 VND/kg;
- Huong Lai rice 19,000 VND/kg./.