This is a part of Directive 10/CT-TTg on promoting production, business and export of rice in a sustainable, transparent and effective manner in the new situation, issued by Prime Minister Phạm Minh Chính on March 2, 2024.
Greater demand in the international market has resulted in higher rice prices in the domestic market in recent months, according to Minister of Agriculture and Rural Development Lê Minh Hoan.
Enterprises said although the price of input materials has increased rapidly, production costs have increased, but they have not been able to increase the selling price of products or even sell many rice-made products equal to or below the cost of production.
The abnormal surge in domestic rice prices in this year’s winter-spring crop has caused some rice exporters, who had signed export contracts before the harvest season, to suffer losses during the first quarter.
Rice prices in the Mekong Delta increased slightly after the government
approved the purchase of one million tonnes for a national temporary
reserve last weekend.
Rice prices have risen sharply in recent days thanks to the
Government''s programme to buy one million tonne of the grain for its
temporary reserve, according to the Viet Nam Food Association.