New Vietnamese Crop Likely To Hit Markets Early

According to experts, the fresh rice from Vietnam's summer crop are likely to hit the market a month earlier than usual which could help temper prices.

Vietnamese farmers normally deliver the summer-autumn crop, the second largest of Vietnam's three annual crops, in mid-July.

Rice prices in Vietnam have risen 17 per cent so far this year and are 51 per cent higher than a year ago. Vietnam, the world's second-largest exporter of rice after Thailand, extended its ban on signing new export contracts all the way through June this year in an effort to control double-digit inflation, which hit 19.3 % in March.