The Mekong Delta province of Kien Giang is stepping up the hoarding of rice to fulfil its target of creating a stockpile of 85,000 tonnes this year.
Seven local businesses have been directed by the Vietnam Food Association to purchase rice following the market mechanism to ensure farmers get profit and to stabilise the local rice market.
To complete the task, the province has supported local businesses to erect storage systems, which will be able to stock up to 104,000 tonnes of unprocessed rice.
Local firms have also actively participated in a number of trade fairs abroad and won contracts to export 20,000 tonnes of rice for 7.5 million USD.
According to the provincial Department of Agriculture and Rural Development, in the summer-autumn crop, Kien Giang will harvest an estimated total of 1.6 million tonnes of rice from a cultivation area of nearly 300,000 hectares.
The province is striving to export up to 1.2 million tonnes of rice this year.
Meanwhile, neighbouring Dong Thap province of Kien Giang is struggling to reach its goal of stockpiling 165,500 tonnes of rice in 2013.
As of June 27, the locality has fulfilled only 15 percent of its yearly target due to long heavy rains that have affected local rice quality.
Tran Tan Duc, Director of the Dong Thap Food Company, one of the firms assigned to stock up on rice, proposed that the government should provide more support for businesses in sales and preferential interest duration so that they can complete the work.-VNA
Seven local businesses have been directed by the Vietnam Food Association to purchase rice following the market mechanism to ensure farmers get profit and to stabilise the local rice market.
To complete the task, the province has supported local businesses to erect storage systems, which will be able to stock up to 104,000 tonnes of unprocessed rice.
Local firms have also actively participated in a number of trade fairs abroad and won contracts to export 20,000 tonnes of rice for 7.5 million USD.
According to the provincial Department of Agriculture and Rural Development, in the summer-autumn crop, Kien Giang will harvest an estimated total of 1.6 million tonnes of rice from a cultivation area of nearly 300,000 hectares.
The province is striving to export up to 1.2 million tonnes of rice this year.
Meanwhile, neighbouring Dong Thap province of Kien Giang is struggling to reach its goal of stockpiling 165,500 tonnes of rice in 2013.
As of June 27, the locality has fulfilled only 15 percent of its yearly target due to long heavy rains that have affected local rice quality.
Tran Tan Duc, Director of the Dong Thap Food Company, one of the firms assigned to stock up on rice, proposed that the government should provide more support for businesses in sales and preferential interest duration so that they can complete the work.-VNA
