Vietnam: The price of Winter-Spring rice decreased, farmers in Can Tho were both unhappy and anxiously waiting for the price

Market & Price Trends
Published Feb 24, 2024

Tridge summary

Since the Lunar New Year 2024, rice prices in Can Tho City, Vietnam, have been decreasing, with Dai Thom 8 rice dropping from 1,600-1,900 VND/kg. Other varieties such as OM18, OM5451, and IR50404 have also experienced similar price reductions. This has caused concern among farmers as traders are demanding to buy at lower prices than previously agreed. The Department of Agriculture and Rural Development of Co Do district has noted that the price of winter-spring rice has been fluctuating continuously since the Lunar New Year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Rice prices today, February 23, said traders and farmers in Can Tho City, are almost at the same level as yesterday. However, it is still in a strong downward trend from the time approaching the Lunar New Year 2024 until now. For example, the rice price today, February 23, for Dai Thom 8 is from 7,400-7,700 VND/kg, but on February 20, it is 8,300-8,400 VND/kg (the price of fresh rice sold in the field), while at the previous time During Lunar New Year, this rice variety goes up to 9,300 VND/kg. It also means that the price of Dai Thom 8 rice has decreased from 1,600-1,900 VND/kg. The price of OM18 rice purchased by traders at the field is equivalent to Dai Thom 8. The price of OM5451 rice currently purchased by traders at the field is 7,500-7,600 VND/kg, while before the Lunar New Year it was bought at 9,200 VND/kg, a decrease from 1,600-1,700 VND/kg. Today's rice price for the IR50404 variety being purchased in the field ranges from 7,400-7,500 VND/kg, while before the Lunar New ...
Source: Danviet
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