Rice stockpiling likely to reach target in Mekong Delta

Businesses have bought about 760,000 tons out of one million tons under the Government’s rice stockpiling program this year as of March 29, reported the Vietnam Food Association (VFA).

Farmers dry rice in the Mekong Delta (Photo: SGGP)

This is considered to be a great effort by the businesses because the purchase was very slow early March. With this momentum, they have to plan to buy all one million tons by April 15 when the program ends.

VFA is said to have assisted some companies to access bank loans to purchase rice for stockpiling.

Vietnamese businesses have signed contracts to export two million tons of rice this year. Of this number, they have delivered 540,000 tons.

By Cao Phong – Translated by Hai Mien

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