In the News (Vietnam): High rice price cuts exports
HA NOI — Rice exporters are facing difficulties negotiating export prices due to domestic rice price increases, said the Viet Nam Food Association.
The association said this increase had made farmers happy but brought concerns to exporters. The exporters would have more difficulty in confirming export contracts because they could not compete with rival countries.
Over the last two weeks, rice prices have risen by VND500-1,000 per kilo to VND4,100-4,400 for low-quality rice, VND4,800 per kilo for medium-quality rice, and VND5,500 per kilo for high-quality rice.