Over the past month, rough rice price has risen by VND1,000/kg to VND VND6,000 – VND7,000/kg. Then, rice has also increased by 5% - 10%, equal to VND500 – VND1,500. Glutious rice has risen by VND1,000 – VND3,000/kg.
Over the past month, rough rice price has risen by VND1,000/kg to VND VND6,000 – VND7,000/kg. Then, rice has also increased by 5% - 10%, equal to VND500 – VND1,500. Glutious rice has risen by VND1,000 – VND3,000/kg.
Owner of a rice store in Le Hong Phong Street, Nha Trang, said that rice price in Khanh Hoa has increased after rice price in the south increased. The cheapest kind of rice in her store has increased from VND9,600/kg to VND10,500/kg. According to some rice sellers, rice price may increase in year-end time because of the big demand on the lunar new year festival, but the maximum increase before was only about VND300/kg.
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The sharp increase this time is due to the decrease in supply when places with large area didn’t have good crop. Rice growing areas in Ninh Hoa and Van Ninh of Khanh Hoa were damaged by the storm Damrey. Rice growing areas in the south like Long An, Tien Giang, etc. had poor crop.
According to Dau Cong Nghi, director of The Southern Central Food Joint Stock Company in Khanh Hoa, the rice supply in the market is insufficient. He said that the reasons for this situation are not only the natural diasters but also the increase in the volume of rice border export to China. He also believed that rice price will decrease after the lunar new year festival when China’s market is full. Some other rice sellers thought that rice price will keep high till March when the winnter – spring rice crop is harvested.
Nguyen Thieu – Mai Hoang
Translated by T.T
