Saturday, November 7, 2009

First rice exchange market to be launched in Vietnam

7/11/2009

On the occasion of the first Vietnam Rice Festival, the southern province of Hau Giang will open the country’s first rice exchange market at the end of November.

The exchange market will be established by the Vietnam Food Association on an area of 20ha in Chau Thanh A district. This will be Vietnam’s second agricultural exchange market after the coffee market in Buon Me Thuot district, Dac Lak province.

Nguyen Van Dong, Head of the provincial Department of Agriculture and Rural Development, says 30 enterprises have registered their names in the market.

The market will provide the farmers with a reliable outlet and a safeguard against changes in the prices of their products. It will also be an excellent chance for them to invest in and apply modern technologies to improve the quality and competitiveness of Vietnamese rice in the global market.

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