This is good news for businesses and farmers with rice reserves from the previous crop as the 2020 summer-autumn harvest season is soon ending.

According to a trader purchasing rice in the districts of Tan Hong and Hong Ngu (Dong Thap), IR504 rice sold on the fields recently recorded its sharpest price rise, moving up VND5,700 this week from VND5,500-5,600 per kilogramme the previous week.

The Mekong Delta has recorded an increase in rice prices over recent days.

The prices of fragrant rice varieties, such as OM5451 and Jasmine 85 (fresh rice), increased by VND500 per kilogramme compared to 10 days previous.

A rice granary owner in the Mekong Delta city of Can Tho said that 10 days ago, he sold 250 tonnes of Jasmine 85 rice stored from the winter-spring crop (2019-2020) at VND7,500 per kilogramme, a profit of VND1,000 per kilogramme compared to the purchase price.

According to rice exporters in the Mekong Delta, Vietnam's rice export prices in the world market continue to reach high levels, with 5% broken rice being sold at US$478-482 per tonne.

General Director of Trung An Hi-Tech Farming Joint Stock Company Pham Thai Binh attributed the surge in rice prices to the current favourable export market, alongside the fact that the EU-Vietnam Free Trade Agreement (EVFTA) has come into force since August 1, positively affecting the rice industry.

The Covid-19 pandemic has also resulted in a growing demand for rice around the world, he explained.

Hiep Hoa builds high - quality rice cultivation area

(BGO) - According to Division of Agriculture and Rural Development of Hiep Hoa district (Bac Giang province), after 5 years implementing the Resolution No 130-NQ/TU of the provincial Standing Party Committee dated 16 August 2016 on accelerating application of high technologies in farm production in 2016-2020 period, Hiep Hoa district has fulfilled land consolidation and established 33 large fields with total 2,500 hectares of high-quality rice growing area, hitting 100 percent of the set target.

Vietnam scraps rice export limit

Prime Minister Nguyen Xuan Phuc has ordered the lifting of restrictions on rice exports, imposed for a month to ensure food security.

Additional 38,000 tonnes of rice to be exported

Online customs declaration services will be made available for exports of additional 38,000 tonnes of rice at 0:00 am on April 26, according to the General Department of Vietnam Customs.

Vietnam exports over 68,000 tonnes of rice as of April 21

Vietnam has shipped more than 68,000 tonnes of rice abroad as of April 21 evening, part of 400,000 tonnes of rice under quotas for this month, the General Department of Customs reported on its website.

Rice export still allowed despite pandemic, natural disasters

Deputy Prime Minister Trinh Dinh Dung on April 20 ordered advancing the export quota of 100,000 tonnes of rice from that set for May in order to ease difficulties for firms that have rice stuck at ports but are unable to submit customs declarations.

Source: NDO