date:Jul 29, 2014
and expected to further decline. Earlier, they signed contracts to export to the Philippines at only US$370 per ton.
Domestic price increase has pushed export price up to US$385-390 per ton, which might cause them US$15-20 in loss a ton now.
Rice price have been up by VND300-500 per kilogram compared to that two months ago. Highest increase was on long grain variety which price has hiked VND700 per kilogram, according to VFA.
The long grain rice has fallen into a scarcity over the last one mo