Vietnam: Rice prices in the Mekong Delta fluctuate in opposite directions

Rice

Vietnam

Published Jun 26, 2023

Tridge summary

Rice prices in Vietnam's Can Tho, Soc Trang, Kien Giang, Tien Giang, Ben Tre, Hau Giang, and An Giang provinces have either remained stable or seen slight fluctuations depending on the variety. The 2022-2023 Winter-Spring rice crop in Dong Thap province has been successful, with high production and a shift towards high-quality and sticky rice varieties. Meanwhile, rice prices in the region, including Vietnam, Thailand, and India, have been increasing due to concerns about supply and high demand, leading to exporters raising prices.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Data from the Institute of Policy and Strategy for Agriculture and Rural Development shows that, in Can Tho, rice prices continue to remain stable in some varieties such as: IR 50404 is 6,800 VND/kg, Jasmine is 7,600 VND/kg ; OM 4218 is 7,500 VND/kg. In Soc Trang, the price of rice has increased and decreased depending on the type such as: Dai Tho 8 at 8,100 VND/kg, up 100 VND/kg; and RVT is 8,100 VND/kg, down 100 VND/kg; OM 5451 alone remained at 7,800 VND/kg, The same situation happened in Kien Giang, with IR 50404 rice decreasing by 100 VND/kg at 6,400 VND/kg; then OM 5451 increased by 100 VND/kg to 6,800 VND/kg; Jasmine alone is still at 7,000 VND/kg. IR 50404 rice price in Tien Giang decreased by 200 VND/kg, at 6,600 VND/kg. Jasmine rice is still at 7,000 VND/kg; OC10 is 6,800 VND/kg. ST rice price in Ben Tre is still at 8,000 VND/kg; OM 4900 in Tra Vinh is 7,200 VND/kg. Rice price in Hau Giang has increased slightly by 100 VND/kg in IR 50404 to 7,500 VND/kg; other types ...

Source: Vinanet