Rice price today August 3, 2021: Rice price continues to fall uncontrollably, farmers suffer heavy losses

Rice prices in the Mekong Delta provinces continued to decrease today with different rice varieties. The market is slow, many warehouses and traders have stopped buying. In other provinces in the region, rice prices have also dropped sharply in the past week. According to estimates from the Vietnam Food Association, in the past week, the price of regular rice at the field decreased by an average of 133 VND, currently only about 5,000 VND/kg; the price of regular rice at the warehouse increased slightly by 40 VND, currently at 6,300 VND/kg. The sharp decrease in rice prices was reported by Ms. Dang Thi Lien, Director of Long An Foodstuff Company, due to difficulties in purchasing between localities, many businesses have stopped buying rice. Currently, her company is trying to purchase all 50 hectares of rice in Long An, it is not known how the purchased rice areas in other provinces will be handled. Many traders in Long An & Dong Thap predict that rice prices will continue to decrease if there are no supportive measures from the localities. Currently, many warehouses and traders have stopped purchasing, and harvesters are not working. Western Farmer Channel Updates Fresh Rice Prices August 3, 2021 in the Western provinces, An Giang (detailed prices are on the screen for farmers to easily follow). Remember to subscribe to the channel to update rice prices as soon as possible. Western Farmer Channel will regularly update rice prices for farmers to follow, avoiding being forced down by traders. *********************************************** Thank you everyone for taking the time to watch the channel’s videos. Remember to like and subscribe to the channel to support Western Farmer! ==================== Youtube channel provides information on products, prices, care techniques, and farming techniques of Western Farmer. Follow the Western Farmers channel: Follow the Farmers’ News channel: Follow the Western Agricultural Market Prices channel: Facebook Group: #rice_price #fresh_rice_price #ir50404 #Fresh_sticky_rice #Long_An_sticky_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmers #Farmer’s_News #Western_Agricultural_Market_Prices

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