Rice prices slightly reduce in Mekong Delta

After a high increase, rice prices have reduced by VND100-200 a kilogram over a week ago in the Mekong Delta.

Farmers sell their harvested rice to traders in the Mekong Delta (Photo: SGGP)

IR 50404 variety now fetches VND5,500 a kilogram for dry rice in An Giang, Vinh Long and Dong Thap Provinces.

The prices swing from VND5,700-6,000 a kilogram of long grain rice and VND6,100-6,200 a kilogram of Jasmine rice. Export rice is paid VND7,500-7,750 a kilogram.

At present, domestic rice supply is scarce and countries such as the Philippines, Malaysia and Indonesia are in high demand of rice import.

By Phan Thi – Translated by Hai Mien

Other news