Vinafood 2 Received $144 Million to Reduce Post-Harvest Loss

Vietnam’s largest rice exporter, Vinafood 2, is the recipient of $144 million from Agribank to help the firm reduce PHL and purchase grain for processing. In the meantime, farmers in the Mekong Delta have harvested 385,000 hectares, or more than 60 percent, of their third rice crop; a small area of the crop is under threat as seasonal floods have risen quickly. Vietnamese exporters have so far contracted to ship more than 6.8 million tons of rice, and they now have stocks of 1.4 million tons, above the 1.1 million tons reserved for loading, the Vietnam Food Association said.

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