VFA decreases floor price of export rice

The Vietnam Food Association (VFA) has decided to decrease the floor prices for rice exports.

Accordingly, from March 12, five percent broken rice stands at US$520 per tonne (down US$20) while 25 percent broken rice sells for US$480 per tonne (down US$10).

This is the fifth time the VFA has adjusted the floor prices of export rice since early 2011.

Meanwhile, the purchase price of all kinds of rice in the Mekong Delta region is going up. Five percent broken rice is bought at VND9,450-9,600 per kilo, 15 percent broken rice at VND8,900-9,050, and 25 percent broken rice at VND8,600 per kilo.

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