Vietnam rice price update

Rice price offers were unchanged last week because exporters were trying to keep the prices from declining. Buyers, however, were still waiting for lower prices resulting from the bumper harvest of the Spring crop in the Mekong River Delta. Trade activities, therefore, were almost nonexistent last week. Paddy prices were unchanged last week. According to rice exporters, the prices staying steady during the recently completed peak harvest time is due to the Vietnamese government's rice purchase program, which started in early March 2010.