Vietnam is an agricultural country with main focus in rice yields. Therefore it would be incomplete if you learn about this country and its culture without paying attention to the rice production and export.
There are two peak production periods. One is spring crop and the other the summer crop. Growers are very active sellers in June just after the spring harvest and in October just after the Summer harvest. In contrast, the periods of the farmers most intensive demand for rice is in March – April and in August – September. This is when the farmers’ supply of paddy are exhausted. At the same time this is also the period when the ability to transport rice to the various selling points is inhibited by the rainy season. Read more thing to do in dalat
One of the adverse consequences of this disjointedness is that farmers have to sell when their need for cash is the highest and the prices are usually the lowest. There are producers who sold when prices were low, even though they knew that prices would rise in the near future.
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Rice exports from Vietnam are vulnerable because they are of relatively poor quality and go to only a limited number of markets. However as rice production is further intensified; rice export has developed both in quantity and quality and attained higher prices. It should be noticed that most export contracts are under government-to-government contracts. Asia continues to be Vietnam’s major market for rice exports consisting mainly ASEAN countries such as the Philippines, Singapore, Malaysia, etc. It is noteworthy that in recent years, Vietnam has exported rice to 70 countries and territories in the world. Several markets demanded high quality rice and imported at high prices such as Japan, America and the EU. However, the share of these markets is currently still small and has given no signal of further expansion.
Farming time
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