Vietnam: Rice prices did not fluctuate strongly, export rice prices extended their upward momentum

Published 2023년 3월 20일

Tridge summary

Rice prices in the Mekong Delta region of Vietnam are stable, with some variations depending on the type and location. The region is in the peak of the winter-spring rice harvest. The Ministry of Agriculture and Rural Development has confirmed that Southern provinces have harvested 613,190 hectares of rice, accounting for 39.5% of the cultivated area. Export rice prices in Vietnam have increased due to increased exports to China and active buying from Indonesia. In contrast, rice export prices in India and Thailand have decreased. In the US agricultural market, prices of corn and wheat increased, while soybean prices decreased. China has ordered additional 197,000 tons of old-season corn from the US, bringing the total purchase recorded to 2.1 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the past week, the price of all kinds of rice in the Mekong Delta region in general did not fluctuate strongly. Many localities entered the peak of winter-spring rice harvest, exciting new rice transactions. Data from the Institute of Policy and Strategy for Agriculture and Rural Development shows that, in Can Tho, the price of rice remains stable such as Jasmine is 7,600 VND/kg, OM 4218 is 6,600 VND/kg; IR 50404 at 6,200 VND/kg. Rice prices in Soc Trang are still flat in some categories as follows: Dai Thong 8 is 7,900 VND/kg; OM 5451 is 7,700 VND/kg. Some types have increased again such as: ST is 8,500 VND/kg, up 200 VND/kg. Similarly, OM 4900 also increased by 200 VND/kg to 6,900 VND/kg. Rice prices in Tien Giang in some categories such as: Jasmine stable at 7,300 VND/kg; OC10 rice is also at 6,800 VND/kg; IR 50404 alone is 6,700 VND/kg, down 200 VND/kg. In Kien Giang, rice prices are still stable such as: IR 50404 is 6,500 VND/kg; OM 5451 is 6,700 VND/kg; Jasmine is 7,000 ...
Source: Vinanet

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