Rice price continues to decrease

Rice continues to fall in the Mekong Delta while the Government’s rice stockpiling program has been implemented too slowly.

Farmers harvest rice on a large scale paddy field in the Mekong Delta (Photo: SGGP)

The price of fresh rice has dropped to only VND4,100-4,200 a kilogram in the last two days. These rates inconsiderably profit farmers.

The Mekong Delta has harvested more than 1.2 million out of 1.6 million hectares of winter spring rice. Farmers are rushing to reap the rest ripen rice fields.

Meantime, traders have slowed purchase and the Government program to stockpile one million tons of rice in the delta has run behind schedule to complete only 35 percent of the planned goal.

Businesses export 583,249 tons of rice worth US$256 million in March, according to the Vietnam Food Association.

The total export volume topped 1.22 million tons yielding nearly US$530 million in revenue since early this year.

By Nguyen Thanh – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).