date:Jul 29, 2014
Tam Nong District, Dong Thap Province. Bumper crop and good prices brings farmers VND15-20 million in profit per hectare.
The price increase is said to put several businesses in difficulties because they have already signed export contracts at low prices. They might suffer losses now.
The Vietnam Food Association has announced to hike FOB (Free on Board) price of export rice from July 28, when 25 percent broken rice will fetch US$410 per ton. It was US$375 on July 18.