AreaViet Nam

Commodity GroupRice

CommodityAll

Date01/03/2012

Policy CategoryProduction

Policy InstrumentGovernment procurement, support prices

DescriptionAnnounced that member companies of the Vietnam Food Association will purchase 1.0 million tonnes paddy, starting 15 March at US$250 per tonne (VND 5 000 per kilo). Credit at preferential rates will be extended to purchasing companies, who were requested to keep supplies in stock for three months.