The government will purchase 400,000 tons of the summer-autumn rice crops in a bid to keep prices in check while ensuring farmers make a profit on the rice sold.
The rice will be added to the national rice fund which was set up expressly to stabilize prices on the domestic market, said the Vietnam Food Association (VFA)'s vice chairman Nguyen Tri Tho last week.
He said the move came after the summer-autumn crop was late to harvest last month, perhaps pushing farmers to sell quickly and lowering the price of sold rice.
No comments:
Post a Comment