Higher rice supply in the domestic market has made the export price of Vietnam’s broken rice drop to 450 USD per tonne on June 19, the lowest level in the past two months.
Vietnam has seen strong growth in rice exports in the first five months of this year, shipping nearly 2.9 million tonnes abroad for 1.41 billion USD, up 5.1 percent and 18.9 percent, respectively, year-on-year.
Authorities have instructed farmers in the Mekong Delta to sow the summer-autumn rice crop on established schedules to mitigate the damage of drought, saltwater intrusion and disease.
Thousands of hectares of farmland in the central region are likely to face severe water shortages for the summer-autumn rice crop, according to the Directorate of Water Resources under the Ministry of Agriculture and Rural Development.
This summer-autumn crop, the Mekong Delta – Vietnam’s biggest rice granary – expects to harvest 150,000 tonnes of paddy more than last year, according to an official from the Ministry of Agriculture and Rural Development (MARD).
The summer-autumn rice crop in southern localities has yielded a good harvest, heard a conference held in the Mekong Delta province of Tay Ninh on July 20.
Farmers in the Mekong Delta Water have planted rice on 497,000 hectares in the Autumn-Winter crop, 24,000 hectares more from the same period last year.