date:Sep 04, 2013
In Can Tho City and neighboring provinces, traders bought fresh low-grade paddy IR 50404 at VND 4,000-4,200 per kilo. The price of fresh long-grain paddy varieties, such as OM 6976, OM 2517, and OM5451, also dropped from VND 4,800-5,000 per kilo to VND 4,500-4,700 per kilo.
According to experts, domestic paddy price dropped due to a decrease in rice export price. In addition, as firms no longer received preferential interest rates from banks, they could not continue to buy local rice at high pr