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Wholesale markets to bring better prices to Mekong rice farmers
Three wholesale agricultural markets in the Mekong Delta have opened under a new pilot programme begun by the Government.

The Government has spent VND64 billion (US$4 million) to build the markets, with the aim of helping farmers receive better prices for their goods.

If the markets operate successfully, the Government plans to build similar ones in other Mekong Delta provinces.

At the new wholesale markets in Dong Thap, Long An and Tien Giang provinces, agricultural traders are able to bid for goods sold in bulk at auction.

Rice exporters and processors can buy rice directly from farmers or authorise the market management board to buy rice on their behalf.

Cao Duc Phat, minister of Agriculture and Rural Development, said the markets also serve as an information clearinghouse for farmers, scientists and business people.

The wholesale markets will supply plant varieties, animal breeds, agricultural materials, market information and farm consulting services.

The markets are equipped to dry and process five tonnes of rice an hour, and can store large quantities of rice.

The Southern Food Corporation (Vinafood 2) and the People’s Committees of each province oversaw the markets’construction.

The 7.7ha Thanh Binh market in Dong Thap Province’s Thanh Binh town opened on March 24. The market is expected to purchase 114,000 tonnes of rice a year.

The 3.9ha Phu Cuong market in Cay Lay District’s Phu Cuong commune in Tien Giang Province will be capable of purchasing 75,000 tonnes of rice a year.

In Long An Province’s Tan Thanh District, the 3.8ha Hau Thach Dong market is expected to see 60,000 tonnes of rice a year change hands.

All three markets are located near major roads and waterways.

According to Vinafood 2, the markets are expected to play an important role in agricultural product transactions in the Delta.

The Mekong Delta produces more than 52 per cent of the country’s rice output, most of which is exported.
MGR Archive 11.4.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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