Farmers harvest summer-autumn in Can Tho city. (Photo: VNA)
Hanoi (VNA) – Riceprices in the Mekong Delta region continued to increase slightly in the pastweek, according to Vietnam Food Association.
Specifically, the highest price of summer-autumn unhusked rice at the field is5,100 VND (22 US cents) per kilo, an increase of 100 VND compared to the average price is4,950 VND per kilo. Five-percent broken rice is sold at 9,400 VND per kilo at the highest, up 186VND against the normal one.
Statistics from the Institute of Policy and Strategy for Agriculture and RuralDevelopment showed that the price of unhusked rice remains stable in Soc Trangprovince with Dai thom 8 is an exception. This type of rice is sold at 7,300VND per kilo, a decrease of 200 VND perkilo.
Other localities in the Mekong Delta also saw the price of unhusked rice unchanged.
Together with an increase of domestic price, the export price of rice rose to atwo-and-a-half-month high on September 30 in the context of rising domesticdemand and increased purchasing costs. The export price of 5 percent brokenrice stood at 425-430 USD per tonne, the highest level since mid-July, comparedto 415-420 USD per tonne in the previous week.
Traders said demand is growing in the country as the government buys rice fromfarmers for reserve, leading to higher domestic prices. However, the volume of rice exports still decline.
Vietnam shipped abroad 4.5 million tones of rice between January and September, ayear-on-year decrease of 9.5 percent. The rice shipment in Septemberalone are forecast at 530,000 tonne.
♑ Meanwhile, India's export price of rice down as the rupee weakened, despiteheavy rains in the country raising concerns about rice production.
The price of India's 5-percent broken parboiled rice has fallen to between 358-363USD per tonne from 360-365 USD per tonne in the previous week. An exporter from India’s Andhra Pradesh state said that heavy rain for the pastseveral days in the eastern and southern states may affect the country's earlysowing.
The price of Thailand's 5-percent broken rice was traded at 385-386 USD per tonne compared to 380-386 USD per tonne in the previous week.
Traders said the demand has improved slightly, but expensive shipping costsremain an obstacle for exports of rice.
ꦍ InBangladesh, domestic rice prices remained high despite record summer output andlarge volumes of rice imports./.
High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.
Though the prices of Vietnamese 5-percent broken white rice fell 20 USD per tonne in a week, most local rice exporters said the decline would make sales easier.
In order to take advantage of FTAs and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the Republic of Korea and the EU.
Vietnamese rice exporters have been urged to play a more active role in utilising free trade agreements (FTAs) to which Vietnam is a party to boost falling exports.
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Farmers harvest summer-autumn in Can Tho city. (Photo: VNA) 
