More rice contracts signed

The increase is not much, about 100 to 200 VND / kg, but it is a good sign for farmers.

The Mekong Delta has harvested more than half of the total 1.6 million hectares of winter-spring rice. The price of rice has increased partly because the rice export market has started to thrive again. According to the Vietnam Food Association, Vietnam exported 120 thousand tons of rice to Iraq last year. Iraq is expected to import about 300 thousand tons of Vietnamese rice this year.

Malaysia has also imported 25,000 tons of 5% broken white rice from Vietnam. China is in need of imports with a quota of more than 5 million tons of rice. This is also a good signal to boost rice prices after a quiet time.