Agricultural prices increase, farmers are excited

(Baonghean.vn) - The purchase price of agricultural products such as peanuts and rice is showing signs of recovery after a long period of price decline, creating excitement for Dien Chau farmers.

Dien Thinh peanut dealers prepare goods for the year-end market. Photo: Mai Giang

Since October, the prices of peanuts and rice in Dien Chau have increased sharply again. The price of peanuts has increased from 30,000 VND/kg to 40,000 VND; the price of hybrid rice has increased from 5,500 VND to 6,500 VND/kg, and the price of high-quality rice varieties such as Bac Thom 7, Huong Thom No. 1, AC5 has increased from 7,000 VND to 9,000 VND/kg.

Due to the low prices in the past, many farmers and "street vendors" still stockpiled goods, waiting for prices to increase, so the current output of peanuts in the population is still about 2,800 tons, rice 35,000 tons. According to the assessment of businesses and agricultural product purchasing agents, the price of rice and peanuts in the last months of the year may increase further due to the strong increase in domestic demand as well as export markets.

Rice prices also increased compared to last month. Photo: Internet

The increase in prices of agricultural products is a good sign for Dien Chau farmers to have more income to prepare materials and fertilizers to start production on more than 13,000 hectares of spring crops in 2018.

In Vinh city, the price of regular rice is 10,000 VND/kg, an increase of 1,000 VND/kg, and fragrant rice is 14,000 VND/kg, an increase of 2,000 VND/kg compared to last month. The reason for the increase is that traders are collecting goods to process Tet goods./.

Mai Giang