Fresh rice purchased from the field ranges from 9,000-9,500 VND per kilogram, helping farmers in many Western provinces earn 30-40 million VND per hectare, a record high.
Mr. Hoang in Dong Thap said that in this year’s Fall-Winter crop, his family’s rice farming achieved the highest profit ever thanks to the selling price skyrocketing to a high of 9,400 VND per kilogram. “After harvesting rice, traders buy it right at the field. Each hectare brings a profit of 30-35 million VND,” he said.
According to Director of Hoa Binh Agricultural Service Cooperative, Tam Nong district (Dong Thap) Chung Van Lieu, this rice crop is a hit. The entire area of rice variety OM 18 cultivated by 24 households until harvest was purchased by the partner at a price of 9,500 VND per kg. In addition, businesses also provide an additional support of 500 VND per kg of rice to farmers when they comply with production technical regulations required by the businesses.
“With the above selling price, on average per hectare, farmers can profit from 35-40 million VND. This level is 15 million VND per hectare higher than the same period last year,” he said.
Meanwhile, Mr. An, Tam Nong district, said that this crop, his rice crop was much flat, yielding lower than previous years, but thanks to high prices, each hectare still made a profit of over 15 million VND.
Farmers in Tang Hoa commune, Go Cong Dong dry rice in the Fall-Winter crop. Image: Hoang Nam
A report from the Dong Thap Department of Agriculture and Rural Development also shows that rice production costs fluctuate from 3,535 to 3,701 VND per kg (down 213 to 559 VND per kg compared to the same period last year). Therefore, the average profit farmers earn from growing rice is about 23-31 million VND per hectare, an increase of 14-15.8 million VND compared to the same period last year.
According to this Department, in the Fall-Winter crop, the province has sowed nearly 122,000 hectares, reaching more than 105% of the plan. The harvested area is more than 93,600 hectares, reaching nearly 77%, with an average yield of 60.6 tons per hectare.
In An Giang, this year’s Fall-Winter crop also had a bumper harvest when rice varieties IR50404, OM 5451, Dai Thom 8, OM 18 were sold by farmers for 9,000-9,400 VND per kg. Dried sticky rice alone costs from 9,500-9,800 VND per kg, 1,000-2,500 VND higher than the same period last year.
Rice growing households in Vinh Chanh, Thoai Son district, said that this year’s high yield and sharp increase in fresh rice prices have helped them profit 35-40 million VND per hectare after deducting costs.
According to the leader of An Giang Department of Agriculture and Rural Development, in the Fall-Winter crop, the whole province sowed more than 157,000 hectares, with an average yield estimated at 57.8 quintals per hectare. This is also the year rice growers have the highest profits ever.
Similarly, a report from the Soc Trang Department of Agriculture and Rural Development shows that from the beginning of the year until now, thanks to the increase in export rice prices, rice growers have made large profits. Accordingly, in this year’s Winter-Spring and Summer-Autumn crop, after deducting expenses, rice farmers in the province profit from 20.5-23 million VND per hectare (5-16 million VND higher than the same period last year). ). In particular, in the Fall-Winter crop, rice prices continued to increase sharply, helping farmers earn the highest profits ever.
Currently, many countries around the world are increasing their rice purchases while the Fall-Winter season has low yields, causing limited supplies. This harvest is now at the end of the season, the amount of rice in the population is gradually decreasing, pushing up prices.
Data from the Vietnam Food Association shows that last week, Vietnam’s rice export price was still the highest in the world. At the end of the December 22 session, Vietnam’s 5% broken rice increased by 653 USD per ton, nearly 5 USD higher than Thai products. Businesses said the amount of exported goods is gradually running out, while domestic rice prices are 10% higher than export prices, causing them to temporarily stop signing new export orders to avoid losses.
Thi Ha