In the first eight months, export of six out of eight rice products declined in volume except fragrant rice, which export price topped US $600 per ton.
Businesses are paying over VND6,000 a kilogram of fragrant rice, VND2,000 higher than that of normal varieties, said farmer Tu Sang from Thoi Tan Commune, Thoi Lai District of Can Tho City.
The fragrant rice has mainly been produced in large-scale paddy fields, in which farmers and businesses link together to produce and consume the product.
The Mekong Delta had 76,500 hectares of rice under this modal last year. It is expected to approximate 200,000 hectares this year.
The large-scale modal yields higher profit than normal production method from VND2.2-7.5 million per hectare and it is result thanks to technical measures to increase productivity and reduce costs.
Soc Trang is the largest growing province of fragrant rice in the Mekong Delta. Local residents have farmed 80,000 hectares this year, an increase of 26,000 hectares over last year.