Rice export target set at 5.2 million tonnes in 2017

Harvesting rice in Vi Thanh commune, Vi Thanh district of the Mekong Delta province of Hau Giang (Photo: VNA) Singapore (VNA) – There remains considerable potential for Vietnam to export rice to Singapore, according to a Vietnamese delegation which visited Singapore in early August to seek ways to boost the shipment of agricultural products to this country. The delegation included representatives from the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, the Vietnam Food Association, along with eight leading rice exporting companies. They had working sessions with relevant agencies of Singapore such as the Ministry of Trade and Industry (MTI), the International Enterprise Singapore (IES) and the Agri-Food and Veterinary Authority (AVA) to learn about the management policy, the export-import situation and the transit mechanism for rice in Singapore. The Vietnamese delegation also met representatives of local biggest retail chains like NTUC Fair Price, Giant and Sheng Siong to set up relations and learn about ways to directly export Vietnamese goods to these supermarkets, instead of via foreign traders. Le Xuan Minh, a representative of the Vietnam Northern Food Corporation, said they found that Singapore has great potential and demand for Vietnam’s high-quality rice products, especially fragrant rice. Meanwhile, the Singaporean side also highly evaluated the quality of Vietnamese agricultural products, noting that a large number of Vietnamese goods such as rice, aquatic products, fruits and vegetables are being sold at their supermarkets. [Infographics: Vietnam revises up rice…... [read more]

Rice exports are expected to earn Vietnam from $2.3 to $2.5 billion annually during the 2021-2030 period, according to the Development Strategy for Rice Export Markets in 2017-2020 and Vision to 2030 approved recently by the Prime Minister. The Ministry of Industry and Trade (MoT) has sent documents to the Ministry of Finance, the Ministry of Agriculture and Rural Development, the State Bank of Vietnam, the Vietnam Food Association, and other relevant ministries and agencies on the implementation of the strategy. The strategy aims to enhance the competitiveness and brand of Vietnam’s rice exports and also defines market diversification, to reduce dependence on certain markets, match international integration trends, and seize the opportunities presented by free trade agreements. The strategy includes two phases. The first, from 2017-2020, targets annual rice export volumes of 4.5-5 million tons with a value of $2.2-2.3 billion. The second phase, from 2021-2030, targets 4 million tons worth $2.3-$2.5 billion annually.  The export rice structure is to change by 2020, in which the volume of low-grade white rice is to not exceed 20 per cent, while Japonica will account for 30 per cent, sticky rice 20 per cent, and other rice 5 per cent. By 2030, white rice is to account for only 25 per cent, average rice less than 10 per cent, Japonica rice 40 per cent, sticky rice 25 per cent, and other nutrient rice more than 10 per cent. The strategy clearly identifies the export rate in each market by 2020. Exports to…... [read more]

Statistics from the Vietnam Food Association show that 2.65 million tonnes of rice were shipped abroad with free-on-board value of US$1.65 billion in the first six months of 2017, an increase 0.25% in volume and 1.85% in value from the same period last year. More than 1.16 million tonnes or 43.8% of the volume was shipped to China between January and June.  Meanwhile, more than 660,000 tonnes of the total exported rice was glutinous rice, surging 34% from a year earlier.  Overseas shipments of glutinous rice have sold well for the last three years as China began to purchase more of this product. Glutinous rice has made up 25% of exported rice volume, compared to 16.65% and 6.65% in the respective first halves of 2016 and 2015. Most of Vietnam’s glutinous rice was destined for China, with a little for Indonesia. The demand for glutinous rice in China has been relatively high in recent years, boosting both domestic and export prices. Businesses even exported glutinous rice at US$490-500 per tonne at the end of this year’s winter-spring crop. However, glutinous rice exports to China have slowed down over the last week, causing a drop in export prices, from US$460-470 per tonne a week ago to US$420-430 per tonne at present. Domestic prices also fell from VND10,800-11,200 per kg to VND10,400 per kg, said Dang Thi Lien – Director of the Long An Foodstuff Co. Ltd. Many companies blamed the…... [read more]

Farmers harvest the 2016-2017 winter-spring rice crop in Vi Dong commune of Vi Thuy district, the Mekong Delta province of Hau Giang (Photo: VNA) HCM City (VNA) – Exports of glutinous rice to China, Vietnam’s biggest rice importer, are stagnating, despite overseas shipments of the commodity soaring 34 percent in the first half of 2017. Statistics from the Vietnam Food Association show that 2.65 million tonnes of rice were shipped abroad with free-on-board value of 1.65 billion USD in the first six months of 2017, an increase 0.25 percent in volume and 1.85 percent in value from the same period last year. More than 1.16 million tonnes or 43.8 percent of the volume was shipped to China between January and June.  Meanwhile, more than 660,000 tonnes of the total exported rice was glutinous rice, surging 34 percent from a year earlier.  Overseas shipments of glutinous rice have sold well for the last three years as China began to purchase more of this product. Glutinous rice has made up 25 percent of exported rice volume, compared to 16.65 percent and 6.65 percent in the respective first halves of 2016 and 2015. Most of Vietnam’s glutinous rice was destined for China, with a little for Indonesia. The demand for glutinous rice in China has been relatively high in recent years, boosting both domestic and export prices. Businesses even exported glutinous rice at 490-500 USD per tonne at the end of this year’s winter-spring crop. …... [read more]

Demand for Vietnamese rice is expected to be stable in the third quarter of the year. — VNA/VNS Photo Demand for Vietnamese rice is expected to be stable in the third quarter of the year, Vietnam Food Association (VFA) Chairman Huynh The Nang has said. Thus, rice traders will not have to worry about finding consumption markets, he added. The chairman made the statement after Vietnamese rice enterprises won contracts to supply 175,000 tonnes (MT) of rice to the Philippines through an open tender held by the country’s National Food Authority (NFA) on July 25. According to the association, in the bidding for 2-per cent broken rice export to the Philippines, four Vietnamese traders totalled 175,000 tonnes in the tender at different winning prices. Specifically, Southern Food Corporation 2 (Vinafood 2) won a bid for 50,000 tonnes of rice at a Free on Board (FOB) price of US$369.45 per tonne; International Joint Stock Company won 50,000 tonnes for $357 to $367 per tonne; Tan Long Group Joint Stock Company won 50,000 tonnes of rice for $354 to $359 per tonne; and Hiep Loi Joint Stock Company hit 25,000 tonnes with the best price of $370.9 per tonne. This is the first time that private Vietnamese rice exporters were allowed to participate in such a bidding, and they proved they could meet the strict requirements put forward by the Philippines. “Four enterprises among the total eight businesses winning the bid is a…... [read more]

Besides exchanging high-ranking visits between Vietnam and Thailand, the two governments signed a Joint Statement on Cooperation Framework in the first decade of the 21st century during their first joint Cabinet meeting held in central Da Nang city in December 2004.Vietnam and Thailand have so far inked nearly 30 bilateral agreements of cooperation in economy, trade and investment, culture, tourism and environment. Their two-way trade turnover has increased rapidly, reaching nearly US$1.5 billion in the first half of this year, including US$440 million worth of Vietnamese exports to Thailand. Vietnam exports computers and computer accessories, crude oil, coal, and electronic products to Thailand while importing petroleum, plastic materials and motorbike spare parts from the country.The two countries have agreed to cooperate in promoting rice exports and stabilising rice prices on the international market. The Vietnam Food Association and the Thai Rice Exporters Association signed an agreement on rice prices in July 2006. Thailand has invested in 125 projects valued at US$1.5 billion in Vietnam, ranking ninth among countries and territories and third among ASEAN member economies. These projects are focused on seafood, mining exploitation, food processing and banking services. The two countries are committed to carrying out many projects and programmes within the framework of the East-West Corridor, the Greater Mekong Sub-region, the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) as well as at regional and international forums with a view to promoting bilateral cooperation in defence and security, education and training, culture, science and technology, environment…... [read more]

Last year’s almost 600,000 tonnes of exported fragrant was a record high. Export volumes in 2013 were already at 605,000 tonnes by the end of August, a 78 percent surge beyond the comparable period in 2012. Fragrant rice export prices hover around a stable US$540–550 per tonne. Fragrant rice varieties incorporating jasmine, such as ST5 and ST20, have even sold at US$900 per tonne, three times the average price of normal white rice with five percent broken grains. Vietnam Food Association (VFA) Vice Chairman Pham Van Bay said that unlike white rice exports, Vietnamese fragrant rice has managed to secure majority market shares in many Asian nations and is expanding its reach into emerging African and European markets.... [read more]

The Ministry of Agriculture and Rural Development (MARD) reports approximately 441,000 tonnes of rice worth US$209 million were shipped abroad last month, valued at. Export rice prices averaged US$439.9 per tonne during the first 10 months of 2013, an increase of US$9 per tonne on last year’s average. China remained the largest importer of Vietnamese rice, purchasing 1.92 million tonnes worth US$800.76 million and contributing 31.1% of Vietnam’s total rice export earnings. The Vietnam Food Association says prices in the major Mekong Delta rice basket hovers around VND5,350–5,750 per kilogram. rice of 5% broken rice ranges from VND8,200 to VND8,300 per kilogram, 15% broken rice is sold for VND7,800–7,900 per kilogram, and 25% broken rice for VND7,500–7,600 per kilogram.... [read more]

A VINAFOOD II representative revealed the price is fixed at US$410 per tonne, free on board basis and the rice will be shipped to Malaysia in July and August. This is the second biggest rice contract Vietnam, one of the top three rice exporters, has signed with a foreign partner this year, following an 800,000 tonne contract with the Philippines in April. UN Food and Agriculture Organisation (FAO) statistics show that average export prices of Vietnam’s 25% broken rice increased to around US$364 per tonne in May 2014, up about 2% from the previous month, but down by about 4% compared to the beginning of the year. The 5% broken rice prices also rose to US$398 per tonne in May 2014 from US$386 per tonne in April, but were lower than the US$401 per tonne recorded at the beginning of the year. Malaysia is Vietnam’s traditional rice importer, with last year’s import volume reaching nearly 466,000 tonnes, down 39% from 2012, according to the General Statistics Office of Vietnam. The Vietnam Food Association (VFA) reported that in April 2014, Vietnam shipped 536,806 tonnes of rice abroad, earning almost US$237 million, free on board (FOB). Since January of this year, local exporters have reaped approximately US$765 million from 1.75 million tonnes, down 18% in both value and volume against the same period last year.... [read more]

In the early months of the year, fish and seafood exports have dipped 23.5% over last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) and market access issues urgently need to be addressed. “Perishable products like fish and shrimp have been hard hit by the strong rise in the value of the US dollar against the euro and yen as it caused their value to drop markedly in the US and Japanese markets,” VASEP said. Though the strong dollar hasn’t directly impacted the volume of the exports it definitely has decreased the overall value in the US, EU and Japan (the three largest markets) and reduced the bottom line. Fish and seafood businesses have also had failure this season gaining access to a number of foreign markets and the lack thereof has caused the overall volume of shipments into these regions to tumble. VASEP said the US has imposed preliminary anti-dumping duties on pangasius fish imports while it conducts a complete review and the industry will continue to suffer over the next 12 months if this barrier is not adequately resolved. The Vietnam Food Association (VFA) agreed that non-tariff barriers remained a significant issue noting that China has set stricter rules for the quality of rice imports, creating yet another hurdle for businesses to jump over. The VFA said these NTBs force businesses in the rice industry to incur substantial costs due to delays, complex documentation requirements and the unpredictable quality standards and procedures at border…... [read more]




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