According to Vietnam Food Association, businesses have completed purchase of more than 400,000 tons of rice under the Government Rice Stockpiling Program--which is about 40 percent of the target.
Because of this speed in purchase, rice demand has also risen in recent days.
The Mekong Delta will enter peak harvest of 1.3 million hectares of summer-autumn rice in July and August with expected output of 7.56 million tons.
A kilogram of dry normal rice now fetches VND4,900-5,000 and a kilogram of dry long grain rice is priced VND5,100-5,200.
The Ministry of Industry and Trade said that Vietnam has exported more than 3.48 million tons of rice in the first half of the year.
Businesses plan to export another 2.2 million tons in the third quarter and 1.7 million tons in the fourth quarter.
Total rice export volume is expected to reach 7.5 million tons this year.
Related article:
Businesses step up rice stockpiling in Mekong Delta
