Government to subsidize rice price

The Government will subsidize rice farmers to ensure they get a minimum of VND3,800 a kilogram for their grain, the Ministry of Agriculture and Rural Development has said following a meeting with ministries and departments concerned.

Farmers harvest rice in the Mekong Delta

Its Cultivation Department said for the summer-autumn crop, farmers in the Mekong Delta have sown 18 percent of the land with IR 50404 strain of rice and expect a total output of 1.3 million tons.

They are expected to find it hard to sell this low-quality variety after harvest.

Meanwhile, in recent weeks rice prices have fallen -- a kilogram of IR 50404 has moved down by VND200 since last week to VND4,900.

The ministry has told local administrations to limit farming of this variety.

By Phuc Van – Translated by H.Mien

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