According to the Vietnam Food Association, although the price of rice in the domestic market decreased due to abundant supply, in the world market, the export price of white rice continued to be stable. Currently, 5% broken rice is still offered for sale at $488-492/ton; 25% broken rice 463-467 USD/ton; 100% rice price 418-422 USD/ton; Jasmine 563-567 USD/ton.
Compared with the world's asking price, Vietnam's export rice price continues to be at the highest level in the world, of which 5% broken rice is about $100/ton higher than Indian rice and higher than Burmese rice. 70 USD/ton, 45 USD/ton higher than Pakistani rice, 33 USD/ton higher than Thai rice…
"The same type of rice 5% broken, but need to see what kind of rice variety. Vietnam's rice price is high but still attractive to consumers in other countries because of its good quality" - Mr. Ly Thai Hung - Director of Co., Ltd. Hung Cuc said.
Although export prices are stable, the price of summer-autumn rice is on a downward trend due to abundant supply. Mr. Pham Thai Binh - General Director of Trung An High-Tech Agriculture Joint Stock Company - information: The summer-autumn crop in the Mekong Delta is at harvest time, so the rice price is selling at an average of 5,500 VND//day. kg of fresh rice in the field.
Mr. Binh also said that it is likely that rice prices will continue to decrease when the harvest season is in full swing, because according to the harvest schedule, the summer-autumn crop will be harvested around the end of this June, lasting until the end of July 2021. In places where sowing is late, it may not be until August to harvest. Currently, although the price of summer-autumn rice crop has decreased by about 1,000 VND compared to the previous crop, this is also a good price for farmers.
"Despite the decrease in rice prices, farmers still benefit from the fact that Vietnamese enterprises sign to sell rice at the highest prices," said Mr. Pham Thai Binh.
After a consecutive week of decline, on June 7, the price of rice temporarily stopped falling. In An Giang, the price of rice OM 9577, OM 9582 is 6,050 VND/kg; OM 6976: 6,000 - 6,150 VND/kg; Japanese rice: 7,500 - 7,600 VND/kg; IR 50404 price 6,100 - 6,300 VND/kg; Hoa 9 rice is priced at 6,400-6,400 VND/kg; Aroma 8 costs 6,400-6,500 VND/kg; OM 5451 price 6,100-6,300 VND/kg; OM 18 price 6,100-6,300 VND/kg...
Abundant supply from the summer-autumn crop has pulled domestic rice prices down from 400-800 VND/kg. According to the listed price list, the price of TP IR 504 rice in the new crop has decreased the most by 800 dong/kg, currently being sold at 9,100 dong/kg, broken rice of the same type is down 400 dong, sold at 7,900-8,000 dong/ kg...
Source: Vu Long/ Lao Dong Newspaper/ laodong.vn
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