Price of rice shoots up in Mekong Delta

Rice prices have shot up suddenly by VND300-500 a kilogram in the last few days in the Mekong Delta, as compared to prices at the end of June.

Farmers’ dry rice in the Mekong Delta (Photo: SGGP)

By the afternoon of July 14, traders paid VND4,300-4,400 a kilogram for fresh normal rice and VND4,600-4,700 a kilogram for fresh long grain type in Dong Thap, Kien Giang and Long An Provinces.

According to traders and rice export companies, the rice price hike is thanks to the recent sunny weather, which facilitated timely harvest and better rice quality. Besides, rice consumption has also risen.

The Ministry of Agriculture and Rural Development informed that the Mekong Delta is in peak harvest of the summer-autumn crop, which will complete by end of August.

Local farmers have also already sown about 300,000 hectares of autumn-winter rice in the last few days.

By Nguyen Thanh – Translated by Hai Mien

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