The figures, however, reflected a year-on-year decrease of 10.9 percent in volume and 19.44 percent in value.
Despite these decreases, local farmers in these days were happy with a sharp rise in paddy rice price.
In the Mekong Delta, the price of undried IR 50404 paddy enjoyed anincrease of 400–500 VND a kilo to 4.800–5.000 VND from a week ago.
In some localities, farmers sold this kind of paddy, the dried, for5.600–5.700 VND a kilo, the highest price during the summer/autumn crop.
According to the association, paddy-rice prices are expected to continue to rise sharply for the rest of this year.
Local traders analysed that higher demand for paddy from exporters,news about a new contract on the purchase of 500,000 tonnes of rice withIndonesia and the increasing volumes of rice bought by Cambodiantraders across the border could also drive rice prices further up.
This year, Vietnam has set to export between 6-6.5 million tonnes of rice.-VNA
Expressway–border gate links open new space for An Giang’s border economy
According to the An Giang administration, if properly implemented, the expressway–border gate links will shorten cargo transport routes while expanding space for investment and services and creating new momentum for economic development in the border areas.
