Rice price drop concerns Mekong Delta farmers

Price of rice dropping continuously during the peak harvest season is concerning many farmers in the Mekong Delta.

Rice harvesters in Mekong Delta (Photo: SGGP)

A kilogram of dry rice is VND 5,250-5,350. The long-grain variety of rice is VND 5,500-5,600 per kilogram, a decrease of VND 200-300 since last week, according to the Vietnam Food Association.

The price of fresh rice also decreased VND 400 since last week, selling at VND 4,200-4,800 per kilogram.

Businesses expressed worry that abundant supply from Thailand and India will further reduce prices.

Deputy Prime Minister Hoang Trung Hai ordered the Ministry of Industry and Trade, Ministry of Agriculture and Rural Development and the Vietnam Food Association to keep a close eye on rice output and consumption to have suitable stockpiling policy.

By Cao Phong – Translated by Hai Mien

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