In An Giang province, fresh paddy IR50404 is being sold at VND 4,500-4,600 per kilo, high-quality paddy VND 4,700-4,800, and dried high-quality paddy 5,650-5,800 VND.
Meanwhile, fragrant Jasmine paddy is priced at VND 5,300-5,400 per kilo, a rise of VND 50-100.
Workers loading rice packages for export at Sai Gon port
In Can Thơ city, fresh paddy IR50404 is being sold for about VND 4,400-4,500 per kilo, and Jasmine paddy at VND 5,400-5,500, an increase of VND 150-200 compared to the price before Tet (Lunar New Year), and an increase of 200-500 VND per kilo compared to the same period last year.
The price of husked rice on the market is VND 10,000 per kilo and Jasmine rice VND 14,000 per kilo.
The rise in prices for paddy has caused an increase of USD 5 per ton for rice exports compared to prices before Tet.
Enterprises buy 100-200 tons of rice on average each day, while some even buy 300-400 tons, said Le Van Hung, deputy director of the Can Tho Department of Industry and Trade.
The Song Hau Food Company has stored more than 40,000 tons of husked rice and 5,100 tons of unhusked rice at VND 5,850-6,100 per kilo.
The company plans to buy another 40,000 tons of rice.
Vuong Dinh Thanh, Vice Chairman of the An Giang provincial People’s Committee, said local enterprises are purchasing about 3,000 tons of rice per day to achieve the set target of 150,000 tons.
The Tien Giang Food Company has bought 10,000 tons of rice at VND 5,900-6,100 per kilo.
Meanwhile, businesses in Dong Thap province plans to purchase 660,000 tons of husked rice.
Low productivity was among the reasons for the rise in paddy prices. Many enterprises purchase husked rice and sold more than 293,000 tons to Filipino buyers, which contributed to an increase in price.
Most enterprises said the productivity of paddy in this year’s winter-spring crop fell by 30-40 percent compared to last year due to unpredictable weather, causing disease in paddy.
Source: VNA