The rice price has slightly increased since February 20, the first day the Vietnam Food Association began to purchase one million tons of rice for stockpile.
|Farmers sell winter spring rice in the Mekong Delta (Photo: SGGP)|
Along the road connecting Can Tho City and Vi Thanh Town in Hau Giang Province, several traders have come to pay VND4,200-4,300 a kilogram of fresh IR50404 rice, a low quality variety.
The price has hiked by 200-300 a kilogram to reach VND4,600 a kilogram of the same variety in Long Ho District, Vinh Long Province.
Dong Thap Province also sees the price go up by VND150-200 a kilogram. Local farmers have harvested 140,000 out of 208,000 hectares.
According to Duong Nghia Quoc, director of the provincial Department of Agriculture and Rural Development, the price is VND4,300-4,400 a kilogram of fresh IR50404 rice. The long-grain variety fetches VND4,600-4,900 a kilogram.
The dried rice price is VND5,100-5,200 for the IR50404 and VND5,400-5,600 for the long-grain variety, he added.