Rice prices inch up in Mekong delta

Farmers are happy for realzing high profit (Photo: SGGP)

The Vietnam Food Association said that in December, enterprises have exported over 303 tons of rice, worth US$153.5 million. The whole year export is 6.5 million tons of rice achieving US$2.9 billion.

By the afternoon of December 30, traders in Dong Thap and Kien Giang provinces in the Mekong delta proposed to pay VND5,100-5,300 a kilogram for fresh normal rice; VND5,400-5,400 a kilogram for fresh long grain type and VND 6,200 a kilogram for aromatic long-grain rice.

While 5-percent broken rice was quoted at VND8, 300-8,400 per kilogram, 15 percent broken rice is at VND7, 950-8,050 a kilogram and 25 percent broken rice at VND7, 750-7,850 a kilogram.

It means that rice in the Mekong delta is being sold at high price. With this price, farmers will realize a considerable profit from VND20-35 million per hectare.

By Nguyen Thanh - Translated by Uyen Phuong

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