Trung Chanh
Both export and local price rise
In the early months of the year, the offering price of Vietnamese rice was the lowest among the three biggest rice sellers, including India and Thailand and sometimes even lower than Thailand’s by up to US$120-130 per ton.
Now, on the rice market site www.oryza.com, Vietnamese rice exporting firms are offering 5% broken rice at US$420-430 per ton while the price offered by Thailand and India is only US$410-420 for similar types of rice.
Not only is this happening in the exporting market but the domestic market is also seeing higher rice prices, which have hit the highest level since the start of the year.
Duong Van Men, a rice trader in Dong Thap Province’s Lap Vo District, said that fresh IR 50404 rice was priced at VND5,300-5,400 per kilogram while the prices of long-grain rice strains increased by VND500-600 per kilogram to VND5,600-5,700 compared to the price recorded two weeks ago.
According to Ngo Ngoc Yen, director of Yen Ngoc rice trading enterprise in HCMC’s Tan Phu District, the strong price rise results from the deal to sell 500,000 tons of rice to the Philippines and many exporters are buying rice for their year-end contracts.
Few farmers benefit from good prices
Although rice export in the final months of the year is more favorable for both traders and farmers, only a few farmers are directly benefitting from the price increase as the rice volume yet to be harvested is small.
Cao Van Hoa, director of Tien Giang Province’s Department of Agriculture and Rural Development, said that the province planted rice in over 235,620 hectares this year. All the rice in the province has virtually been harvested with an average of over 5.7 tons per hectare and a total volume of over 1.3 million tons, he added.
According to the Ministry of Agriculture and Rural Development, the Mekong Delta region harvested 650,000 out of 800,000 hectares of autumn-winter rice while the harvest of the early winter-spring crop 2013-2014 will start in two months’ time.
Around 150,000 hectares which have not been harvested will supply some 750,000 tons of rice, which is not much. Meanwhile, most farmers have sold most of the fresh rice already.
According to a source, the total rice volume members of VFA have signed with partners has amounted to over 7.7 million tons. Meanwhile, the rice export of VFA’s members recorded last month was 6.14 million tons with the total value of over US$2.64 billion.
Đăng ký: VietNam News