Vietnam paddy rice price rising

The price of unhusked rice in the Mekong River Delta has continued to rise because of a sharp increase in both demand and the price of rice for export. Currently, traders buy unhusked rice at VND 4,200 per kilogramme in An Giang, and Dong Thap provinces, an increase of VND 400 – 500 per kilogramme compared to late July. Local farmers now gain a profit of VND 13 – 15 million per hectare. According to the Vietnam Food Association, enterprises have signed contracts to sell 6.2 million tonnes of rice so far.