Two days after Prime Minister Nguyen Tan Dung signed a Decision to purchase one million tons of summer-autumn rice for stockpiling in the Mekong Delta, rice prices increased by VND100-200 a kilogram compared to that at the end of May.
|Farmers transport rice to milling units in Long An Province (Photo: SGGP)|
On June 6, local traders have begun to purchase fresh normal rice at VND3,700 a kilogram and fresh long grain rice at VND4,100 a kilogram.
The Department of Cultivation under the Ministry of Agriculture and Rural Development said that the Mekong Delta has harvested more than 220,000 hectares of summer-autumn rice as of June 6.
Farmers will continue to harvest another 850,000 hectares from now until the end of July.
The Government rice stockpiling program will begin from June 15 until July 31. Banks will assist businesses with 100 percent interest rate to purchase rice within three months, beginning June 15.
The Prime Minister has instructed the Vietnam Food Association to work with provincial people’s committees to stockpile rice.