Thanh Nien Daily
Farmers in the Mekong Delta say a bumper harvest has brought no benefits as their rice is languishing in warehouses amid low demand and two weeks of nose-diving prices.
Le Thanh Hien, a farmer in Hau Giang Province, said he had failed to sell nearly all of the five tons of rice he harvested at the end of July.
“We have a bumper crop here and the quality is good, but no matter how we plead, dealers just refuse to buy the rice.”
Many farmers said dealers offered to buy their rice at only VND2,500-2,800 per kilogram, or VND300-500 lower than their input costs, and much lower than the minimum price of VND3,800 set by the Ministry of Agriculture and Rural Development.
The 13 southern provinces of the Mekong Delta, Vietnam’s largest rice growing area, are expected to produce a total output of 7.75 million tons of unmilled rice in the summer-autumn crop, which ends in September.
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