Prime Minister directs stabilizing rice prices, supporting farmers in the Mekong Delta

Faced with the sharp decline in rice prices in the Mekong Delta and slow purchasing activities causing farmers to worry about losses, Prime Minister Pham Minh Chinh has requested relevant ministries and branches to urgently take action to stabilize the market and protect the interests of rice growers.

Prime Minister directs stabilizing rice prices, supporting farmers

According to press reports, rice prices in the Mekong Delta are currently falling sharply, while traders and businesses are purchasing sparingly, leading to anxiety among farmers. This situation became even more worrying when the Philippines - Vietnam's largest rice consumer market - suddenly suspended imports for 60 days starting September 1, causing export activities to stagnate. Many export businesses are worried about the risk of falling prices and unstable output, so they limit purchases and do not dare to stockpile large quantities.

In response to the above developments, the Prime Minister has assigned the Ministry of Agriculture and Environment to preside over and coordinate with the State Bank and businesses to research appropriate solutions to maintain sustainable production. In particular, relevant units are required to organize temporary purchase and storage of rice, expand consumption markets to stabilize prices and provide timely support to farmers.

LAM NGUYEN

Source: https://www.sggp.org.vn/thu-tuong-chi-dao-on-dinh-gia-lua-ho-tro-nong-dan-dbscl-post812225.html