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Update news floor price
VietNamNet Bridge – An additional 26,000 taels of gold was sold at auction on Tuesday, taking the total so far to over 1.19 million taels, or nearly 45 tons.
VietNamNet Bridge – The State Bank of Vietnam will sell gold until banks no longer need the precious metal with the hope that the gap between local and global gold prices will narrow, stated a senior source from the central bank.
The government has decided that rice exporters would buy 2 million tons of husky rice from farmers. However, the effort by the government cannot ensure profits for farmers.
Vietnamese rice exporters have been selling rice at the prices below the floor prices, thus harming the whole rice agriculture production.