Rice prices in Mekong Delta have risen recently, thanks to the Government’s move to buy rice to stockpile and push exports.
Low-quality rice has become VND500 per kilogram more expensive, with IR 50404 selling yesterday for up to VND5,000 in Tien Giang and Long An Provinces. Rice mills reported they do not have much stock left.
Around 1,000 tons of low-quality rice are consumed every day in these provinces.
Export firms have bought unpolished rice used to process 5 percent broken rice at VND4,800.
The price of paddy has also increased to VND3,000.
In some Long An Province districts bordering Cambodia, farmers have, in fact, sold paddy at VND 3,200.
Good varieties are fetching up to VND3,800.