Speculators pounce on rice market as prices rise
Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice in provinces near the south-west border are ready to be transferred to Cambodia has reached 400,000 tonnes in the last month… VFA President Truong Thanh Phong said the rice would be transported to Thailand via Cambodia. Up to 5,000 tonnes of rice per day is currently being traded across the border via An Giang Province. In northern provinces, Chinese traders are buying rice straight from the farms
http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html
