Traders buy paddy in the Mekong Delta provinces. (Photo: SGGP)

Rice industry needs long term strategy

Amid the context of poor consumption, paddy price in Mekong Delta provinces is  unlikely to be as high as it was in the past year; reducing rice farming area and balancing export volume are considered as a sustainable way out for the rice industry.
Winter-spring rice crop faces poor consumption

Winter-spring rice crop faces poor consumption

Provinces in the Mekong Delta have begun to harvest winter-spring rice crop with a total area of 1.6 million hectares; however, the price of paddy has continuously dropped and consumption is sluggish, raising concern among farmers.