A State-owned company in the southernmost province of Ca Mau will purchase 100,000 tonnes of rice from farmers at market or above-market rates this year, in a bid to help them earn more income and counter market manipulation.
A State-owned company in the southernmost province of Ca Mau willpurchase 100,000 tonnes of rice from farmers at market or above-marketrates this year, in a bid to help them earn more income and countermarket manipulation.
In the January-June period, the Ca MauAgricultural Products and Foodstuff company (Agrimexco) bought over29,000 tonnes of rice, nearly 30 percent of its yearly target, with8,000 tonnes from the Mekong Delta.
Agrimexco Director NguyenThanh Tuan suggested the provincial Department of Agriculture and RuralDevelopment and local authorities open more cooperatives, making iteasier to step up rice purchase in other areas.
More government funding is also needed to buy necessary equipment, he said.
The official, however, also warned of intense competition fromregional countries such as Thailand and India which, he said has led to asharp fall in export rice prices.-VNA
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