Farmers worried because winter-spring rice prices have dropped sharply

Published Jan 22, 2025

Tridge summary

Farmers in the Mekong Delta are facing a significant drop in rice prices, with varieties like Dai Thom 8 and IR 50404 being affected, due to an abundant winter-spring harvest and slow domestic demand. This has led to reduced trader deposits and financial challenges for farmers in regions like Dong Thap, Long An, and Can Tho City. The article stresses the need for government intervention to stabilize prices and support rice consumption. It also highlights the importance of trade promotion, exploring new export markets, and improving rice quality through scientific advancements to enhance competitiveness in the global market.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farmers expect the winter-spring rice crop to bring in high income to prepare for Tet. However, many farmers in the Mekong Delta are worried that rice prices are falling sharply from 2,000 - 2,400 VND/kg. In Dong Thap province, the 2024 - 2025 winter-spring rice crop has been planted on 175,453 hectares, reaching 93.8% of the plan. Currently, about 5,000 hectares of early winter-spring rice have been harvested, mainly in Thap Muoi and Cao Lanh districts. However, the price of early winter-spring rice is currently 2,000 - 2,400 VND/kg lower than the same period in 2024. Specifically, the price of Dai Thom 8 rice ranges from 7,600 - 7,800 VND/kg, while IR 50404 rice is at 6,200 - 6,400 VND/kg. Mr. Nguyen Van Hoa, a farmer in Tan Nghia commune, Cao Lanh district, cultivates more than 1.5 hectares of OM18 rice. At the beginning of the season, traders came to deposit 8,500 VND/kg of rice, but up to now, they are only willing to buy at 6,600 VND/kg. Mr. Nguyen Van Doi, Director of ...

Source: Agriculture