According to the Ministry of Agriculture and Rural Development, due to increasing demands for rice from Asian and Africa countries, rice export prices are once again increasing and will reach a high level.
|Farmers havest winter-spring crop in Mekong Delta.|
The demands for Vietnam rice is due to country’s lower prices compared to other countries.
Currently, companies that have signed export contracts to supply five percent broken rice at US$410 per ton, saw prices increase by $20 compared to the last two weeks.
Domestic rice prices are also increasing, at around VND100 – 250 per kilogram more compared to the end of June.
Farmers are selling rice from winter-spring crops at VND4,200-4,300 per kilogram and summer-autumn crop rice at VND4,100 per kilo.