|Despite achieving the large yield of rice, farmers in the Mekong Delta are unhappy.|
Farmers in the Mekong Delta are unhappy as the rice’s price is continuing to go downward, despite having achieved the projected yield of 6-6.5 tons/ha in the Winter-Spring crop.
On April 16, price of high quality rice for export was VND2,200 – 2,250 per kilogram, normally VND1,950 – 2,050 per kilogram, a drop by VND50 – 150 per kilogram from the last month.
Meanwhile, demand from traders is also at a low, causing a lot of difficulties to farmers who want to sell their stocks.
Thailand’s rice is US$306/ton, down by US$3; meanwhile, Viet Nam’s rice is US$243/ton, down by US$4.
In the first three months of this year, Vietnamese rice exporters exported 1.5 million tons of rice as part of a 2-million-ton contracts signed earlier.