Vietnam: Rice prices increased slightly on June 14

Published 2022년 6월 14일

Tridge summary

The article provides an overview of the current rice market prices in An Giang province, Vietnam, indicating increases in the prices of specific rice varieties. It also highlights stable prices for most other varieties. On a global scale, Vietnam's rice for export maintains a positive outlook with stable export prices. The USDA predicts a rise in global rice production for the 2021/2022 season, attributed to improved output from India and Brazil. So far, Vietnam has exported nearly 2.77 million tons of rice in the first five months of 2022, generating over 1.35 billion USD. This period saw a significant increase in rice exports to the Philippines, the largest rice consuming market, compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Currently, the price of NL IR 504 rice is at 8,400-8,500 VND/kg; finished rice 8,800-8,850 VND/kg. IR 504 sheet 8,500-8,600 VND/kg; Dried bran 8,900-9,100 VND/kg. In An Giang market, IR 50404 rice price increased by 100 VND/kg to 5,500-5,700 VND/kg; Dai Thom 8 rice increased by 100 VND/kg to 5,800-6,000 VND/kg. Other rice varieties were stable. The price of dried An Giang sticky rice is 7,600-7,800 VND/kg; Long An sticky rice (dry) 7,700 VND/kg; rice OM 5451 5,650-5,700 VND/kg; Miss Hoa 9 5,900-6,200 VND/kg; Japanese rice 8,000-8,500 VND/kg; IR 50404 rice 6,500 VND/kg. Regular rice 11,500-12,500 VND/kg. In the world market, the asking price of Vietnam's rice for export is still stable and quite optimistic. Currently, the export price of Vietnam's 5% broken rice is stable at $423/ton, 25% broken rice remains unchanged at $403/ton and 100% broken rice is stable at $378/ton. The United States Department of Agriculture (USDA) forecasts that global rice production in the 2021/2022 ...

Source: Vinanet