Rice yield rises by 466,000 tonnes

Jul 2nd at 13:14
02-07-2012 13:14:45+07:00

Rice yield rises by 466,000 tonnes

The Ministry of Agriculture and Rural Development (MARD) estimated a 466,000 tonne increase in this year's winter-spring rice crop compared to that of 2011 with farmers, having already harvested 20.26 million tonnes by June 15.

It said southern and central regions had completed harvesting and were busy cultivating summer-autumn crops while in the north, farmers in the rice hubs of Thai Binh and Nam Dinh provinces were still busy collecting winter-spring produce.

According to Do Hai Dien, head of the Nam Dinh Cultivation Office, local farmers have so far harvested 40 per cent of their rice crops.

With winter-spring paddy so quickly harvested, producers across the country had started planting their summer-autumn crops earlier, said Nguyen Tri Ngoc, deputy director of the MARD's Cultivation Department.

The ministry said local farmers had planted more than 3.12 million ha of summer-autumn produce with an estimated capacity of 6.5 tonnes per ha.

For this crop, some farmers have even recorded 10 tonnes per ha for their winter-spring rice.

Though the ministry praised the good result and said it would encourage farmers to expand rice areas to ensure food security and exports, low prices remain a concern.

Similar to many other rice production localities, central Quang Binh Province enjoyes a high yield of winter-spring crops, but local farmers are still worried about current low prices at about VND4.5 million (US$215) per tonne, compared to nearly VND7 million ($330) last year.

Nguyen Dai Trung from Phong Thuy Commune, Le Thuy District complained he wanted to sell his rice, but he would surely suffer losses. Farmers needed money to buy fertiliser and other facilities for the next crop.

To cope with the matter, Minister of Agriculture and Rural Development Cao Duc Phat said to further stabilise local rice prices, ensuring farmers a profit, the MARD suggested temporarily buying and storing a million tonnes of rice. Enterprises that participate would be supported with low interest loan from July to September.

vietnamnews



NEWS SAME CATEGORY

Dung Quat exports biofuel to Manila

PetroVietnam Central Biofuels Joint Stock Company (PCB) shipped 4,300cu.m of ethanol products from Dung Quat Oil Refinery in the central province of Quang Ngai to...

Vietnam Coffee Exports May Rise To 160,000 Tons This Month

Vietnam, the world’s biggest producer of robusta coffee, may export 160,000 metric tons this month, according to figures released today by the General Statistics...

Vietnam Rubber Exports May Rise 16% To 65,000 Tons This Month

Vietnam, the fourth-biggest rubber exporter in 2010, may ship 65,000 metric tons this month, according to the General Statistics Office, 16 percent more than a year...

Vietnam Rice Exports May Rise 12% To 750,000 Tons This Month

Vietnam, the world’s second-biggest rice exporter, may ship 750,000 metric tons this month, according to the General Statistics Office, 12 percent more than a year...

Vietnam’s Coffee Crop To Be At Least 25 Million Bags In 2011-12

Vietnam, the world’s largest grower of robusta coffee, may produce at least 25 million bags in the 2011-12 season that started in October and may have another good...

Gold deposit rates take nosedive

Gold deposit rates in the banking system have sharply tumbled since early last week, with most banks setting gold certificate rates at less than 1% annually and a...

Rice loses its aura of security amid calls for diversification

For thousands of years, food security in Viet Nam has been associated with rice production. Rice farmers have helped lift the country out of poverty and propelled...

Cries for help resounded throughout agricultural sectors

It’s now the hard time for agricultural production. Farm produce have decreased in prices, leading farmers to big losses. Ministries and branches all have called on...

Gas traders seek to raise prices

Five gas traders have registered to raise their retail prices after the Ministry of Finance's recent decision to hike gas import tax from zero to 5 per cent...

Gold slumps sharply

Price of gold in Vietnam lost by VND200,000 a tael (1.2 ounces) over the previous day on June 27 as global price dropped at the trading session in New York last...

Commodity prices


MOST READ


Back To Top