Rice price today March 19, 2025: OM 5451 rice increased, IR 4625 sticky rice decreased slightly

Rice Prices Today, March 19, 2025: OM 5451 Increases, IR 4625 Slightly Decreases

Today (March 19), the price of OM 5451 rice increased by 200 VND/kg, while IR 4625 glutinous rice slightly decreased by 100 VND/kg. Overall, rice prices remained stable, with OM 18 rice being purchased at the highest rate of 6,650 VND/kg. On the international market, Vietnam’s 5% broken rice remains at 392 USD/ton.

Rice Prices in An Giang: OM 5451 Up by 200 VND/kg

According to the Department of Agriculture and Environment of An Giang, the purchasing price for OM 5451 rice has reached 5,800 - 6,000 VND/kg, marking an increase of 200 VND/kg compared to yesterday. However, IR 4625 glutinous rice (fresh) decreased by 100 VND/kg, settling at 7,600 - 7,700 VND/kg.

Other rice varieties remained stable:

• OM 18 (fresh) had the highest price, ranging from 6,400 - 6,650 VND/kg.
• Dai Thom 8 (fresh) was traded between 6,400 - 6,500 VND/kg.
• IR 50404 ranged from 5,500 - 5,600 VND/kg.
• Nang Hoa 9 was traded between 6,300 - 6,500 VND/kg.

Retail Rice Prices in An Giang

Retail rice prices in An Giang remained stable:

• Regular rice: 15,000 - 16,000 VND/kg.
• Fragrant rice: 18,000 - 22,000 VND/kg.
• Nang Nhen rice had the highest price at 28,000 VND/kg.
• Jasmine rice: 18,000 - 20,000 VND/kg.
• Rice bran remained at 9,000 - 10,000 VND/kg.

Export Rice Prices: Steady Market Conditions

Asian rice prices showed no significant fluctuations today:

• Vietnam’s 5% broken rice was offered at 392 USD/ton.
• Thailand’s 5% broken rice remained at 406 USD/ton.
• India’s 5% broken rice was priced at 403 USD/ton.
• Pakistan’s 5% broken rice had the lowest price at 382 USD/ton.

Philippines Maintains High Import Levels from Vietnam

According to the Philippine Bureau of Plant Industry, as of March 6, the country’s rice imports had reached 579,056 tons.

Vietnam remained the leading supplier to the Philippines, accounting for 76% (440,207 tons).

• Pakistan supplied 11.1%.
• Thailand supplied 9.5%.
• Myanmar, India, and South Korea supplied the remaining portion.

BMI Research (part of Fitch Solutions) estimated that the Philippines’ domestic rice production for the 2024-2025 crop year would decrease by 2.6% due to adverse weather conditions.

BMI forecasts that imports will account for 30% of total rice consumption, a significant increase from 17% five years ago. Production is expected to recover as weather conditions improve and the Rice Competitiveness Enhancement Fund is extended until 2031.

Source: kinhtechungkhoan.vn

Japan Distributes Rice from Reserves to Stabilize Prices

According to a Vietnam News Agency (TTXVN) correspondent in Tokyo, in the first auction held last week, over 140,000 tons of rice were successfully traded out of a total of 150,000 tons.

Following this auction, starting March 18, the Japanese government has begun distributing a large amount of reserved rice to distributors. This rice is expected to be available on supermarket shelves nationwide by next week.

First Auction Results and Rice Distribution

In the first auction held on March 10, 150,000 tons of rice harvested in 2023 and 2024 were put up for bidding to support price stabilization. Out of this, more than 140,000 tons were successfully traded, and the delivery process began on March 18.

At a warehouse in Saitama Prefecture on the morning of March 18, the Japan Agricultural Cooperatives (JA Zen-Noh) received 12 tons of Koshihikari rice harvested last year.

JA Zen-Noh plans to sell the reserved rice in phases, matching the amount they purchased at the auction, through long-term wholesale partners. To prevent market discrimination, they have instructed wholesalers not to label the rice as "reserved rice" on packaging when selling in stores and supermarkets nationwide.

Impact on Consumers and Market Prices

The release of reserved rice has drawn public attention, particularly regarding its impact on rice prices, which have been rising continuously in recent weeks.

According to the Ministry of Agriculture, Forestry, and Fisheries (MAFF) of Japan, the average price of rice at approximately 1,000 supermarkets nationwide continued to increase during the week of March 2-9, reaching 4,077 yen (27.24 USD, including tax) per 5kg, despite the government’s announcement of its plan to release rice reserves.

During a press conference after the March 18 Cabinet meeting, MAFF Minister Eto Taku acknowledged consumers' concerns and emphasized that price stabilization would take time, as rice must first reach wholesalers before impacting market prices.

To accelerate supply stabilization, the Japanese government announced plans to release an additional 70,000 tons of rice from reserves this week.

Future Auctions and Market Monitoring

Minister Eto also stated that future rice auctions would be conducted based on market conditions to ensure effective support for price stabilization policies. However, the government would carefully monitor market price trends before making further decisions on additional reserve releases.

Source: bnews.vn