Hundreds of thousands of tons of rice in Mekong Delta remain unsold as merchants have stopped collecting rice. Farmers fear the rice price will drop dramatically if Vietnam stops exporting rice. Le Van Lam, 69, in Dong Thap province, is worried as the rice price has unexpectedly fallen by VND300-500 per kilogram and merchants have stopped collecting rice from farmers because of unclear information about the rice export interruption. Dong Thap Muoi’s farmers have harvested more than 97 percent of its total cultivation land of 200,000 hectares. The average yield is 7.1 tons per hectare, or 0.1 tons higher than the previous winter-spring crop and the average selling price is VND5,000-6,300 per kilogram. “If the current situation continues, it is highly possible that 40,000 hectares of summer-autumn crop rice will not find buyers, or the prices will drop,” Nguyen Phuoc Thien, director of the Dong Thap provincial Agriculture Department warned. Kim Chi Halting rice exports to stabilise food supplies The Vietnamese government has asked rice exporters to temporarily suspend signing new export contracts in a bid to increase stockpiles and ensure the country’s food supply. Kien Giang, Long An provinces want rice export ban lifted The Mekong Delta provinces of… Read full this story
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