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Price of export rice increased
The Viet Nam Food Association (VFA) on Tuesday announced price increases for export rice, the fourth adjustment in prices in 2011.
Under the VFA decision, the export price for 5 per cent broken rice will increase by US$20 per tonne to $520, while 25 per cent broken rice will be sold for $490 per tonne, an increase of $10.
The change prices aimed to help Vietnamese rice prices catch up with changes in the global rice market, VFA announced.
Meanwhile, farmers in the Mekong province of An Giang's Tinh Bien and Tri Ton districts said they were currently harvesting a bumper winter-spring croporation.
Tran Phuoc Nghi, a farmer in Tinh Bien District's An Nong Commune, said local farmers were selling paddy directly from the fields for VND5,300 to VND6,400 (0.30) per kilogramme.
Nghi said he earned some VND20 million ($952) from his 1.5 ha paddy field this winter-spring crop.
An Giang Department of Agriculture and Rural Development said the province had harvested 45 per cent of the total 223,000ha planted with winter-spring crop, with average yield of 6.5 to 7.2 tonnes of paddy per hectare.
The winter-spring crop harvest would end in early April, the department said.
According to VFA figures, Viet Nam has exported some 780,000 tonnes of rice for $384.3 million in earnings so far this year.
Rice prices in the Mekong Delta were on the rise after VFA told its members two weeks ago to buy 1 million tonnes of rice to hold in reserve.
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