Rice price today July 20: Positive signal in export market

In the export market, Vietnamese rice prices remain stable in the context of sharp declines in Indian rice. Domestic rice prices today do not fluctuate much.

Fresh rice prices stagnate in the Mekong Delta

In the Mekong Delta region, rice prices today continued to remain stable. According to records in An Giang, rice varieties such as IR 50404, OM 380 or OM 5451 fluctuated between 5,700 - 6,200 VND/kg, unchanged from yesterday. Localities such as Ca Mau, An Giang, Hau Giang, Dong Thap and Soc Trang all recorded slow transactions, rice prices did not fluctuate significantly.

Domestic rice prices are stable, demand is steady

Raw rice prices in the provinces remained stable. OM 380 was purchased at 7,700 - 7,800 VND/kg; OM 18 from 9,600 - 9,700 VND/kg; IR 504 at 7,600 - 7,700 VND/kg. Finished rice also remained unchanged, with OM 380 fluctuating around 8,800 - 9,000 VND/kg.

At traditional markets, retail prices of rice remain at the same level: regular rice is 13,000 - 14,000 VND/kg, Huong Lai is 22,000 VND/kg, Nang Nhen is the highest at 28,000 VND/kg.

By-product prices remain the same

By-products remained stable. IR 504 fragrant rice bran remained at 7,000 - 7,300 VND/kg; bran fluctuated between 7,500 - 9,000 VND/kg; rice husk remained at 1,000 - 1,150 VND/kg.

Vietnam's rice exports maintain stable momentum

Vietnam’s rice export prices today remained unchanged from yesterday. 5% broken rice is currently at $380-$390 per ton. This is a positive sign in the context of Indian rice falling sharply to its lowest level in more than two years due to large inventories and weak demand.

Vietnam still maintains good purchasing power from the Philippines and African markets. At Ho Chi Minh City port alone, in July, it is expected to load and unload more than 256,000 tons of rice for export to major markets such as the Philippines and Malaysia.

Source: https://baodanang.vn/gia-lua-gao-hom-nay-20-7-tin-hieu-tich-cuc-tren-thi-truong-xuat-khau-3297334.html