Price of Thai rice reaches 425 USD per tonne on global market

  • Thai, Vietnam rice prices hit multi-month high; India stays sluggish

BANGKOK/HANOI, May 18 - Rice prices hit multi-month peak in Thailand and Vietnam this week on export prospects, while high rates in India kept buyers at bay, traders said on Thursday. BANGKOK/HANOI, May 18 - Rice prices hit multi-month peak in Thailand and Vietnam this week on export prospects, while high rates in India kept buyers at bay, traders said on Thursday. Thai benchmark 5-percent broken rice RI-THBKN5-P1 rose this week to $385-$411 a tonne, free-on-board (FOB) Bangkok, from $387-$392 last week. At a mean of $398 per tonne, Thai rice prices hit their highest in nine months, Reuters data…... [read more]

  • China emerges as Vietnam’s largest fragrant rice importer

China, already the largest importer of Vietnam’s sticky rice, has emerged as the biggest buyer of Vietnamese fragrant rice, according to exporters. Last month Vietnam exported over 140,000 tons of fragrant rice, with 36% of it going to the Chinese market, which made China the largest importer of this kind of grain. Ivory Coast and Ghana were the second and third largest importers of Vietnamese fragrant rice last month with each buying about 30,000 tons. Singapore and Malaysia were also among the top fragrant rice markets of Vietnam in April but their import volumes were insignificant. The country’s total fragrant…... [read more]

  • A café with a Hoi An-style ambience in Saigon

The coffee house which was opened around seven months ago attracts passers-by with its yellow wall and green doorway, and especially numerous colorful lanterns hung around the shop that give first-time comers a feeling of returning to Hoi An City in the central province of Quang Nam and relive their memories of childhood, especially those having lived far away from their homeland for a long time. Unlike other glassy and classy coffee shops, this café has a simple interior décor with old items attached to many people’s childhoods such as a typewriter, an oil lamp, an old-fashioned radio set, antique…... [read more]

  • Rice exports expected to face tough competition

VietNamNet Bridge - The Vietnam Food Association (VFA) has warned that it would be difficult to export rice in 2017. The inventory volume has reached nearly 1 million tons. Not only Vietnam, but Thailand also has millions of tons of rice in excess. The latter plans to sell eight million tons in stockpile. This means that Vietnam would have to compete with Thailand to sell rice. Nguyen Van Don, director of Viet Hung Company in Tien Giang said it is even more difficult to export rice in 2017 than the last year. The company still had not signed any export…... [read more]

  • Loc Troi and Chinese firm establish joint ventures

Loc Troi and Chinese firm establish joint ventures Minh Tam HCMC - Loc Troi Group has clinched a deal with China’s Hunan Leading Science and Technology Development Co Ltd to establish two joint ventures to produce seeds and seedlings, and trade in farm goods. A statement of Loc Troi said the two companies will initially invest US$10 million in the two joint ventures. The seeds and seedlings venture will be established in Vietnam to develop hybrid rice varieties for domestic and Southeast Asian markets. It will also study and create other seeds and seedlings such as corn and vegetables. Meanwhile,…... [read more]

  • BUSINESS NEWS 15/5

Development gap hinders linkages in APEC auto industry Addressing the opening ceremony of the 26th APEC Automotive Dialogue (AD26) in Hanoi on May 11, Le Huu Phuc, Director of the MoIT's Department of International Relations, said that APEC should give priority to assisting developing economies in boosting the auto industry. He called for APEC member economies to cooperate effectively in capacity building to study auto industry policies, focusing on priority areas such as market access, human resources and infrastructure, technology incentives as well as environment standards for sustainable development. Regarding the fourth industrial revolution, Phuc said it will lead to…... [read more]

  • Demand from China, Africa supports Vietnamese rice prices at harvest end

Vietnamese rice is being offered at around $35-$40 a ton below Thai grain. China and several African countries have returned to Vietnam seeking fragrant and white rice, and the demand has helped stabilize export prices even though supply has risen at the end of a major harvest, traders said on Friday. They also said Vietnamese rice being offered for cheaper prices than Thai and Indian rice has also attracted buyers, mostly from Africa. Vietnam is the world's third-largest rice exporter, behind India and Thailand. Farmers in the Mekong Delta, Vietnam's food basket, have finished harvesting the winter-spring crop, the biggest…... [read more]

  • Rice buyers turn to Vietnam as prices stay firm in Thailand, India

Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday. Buyers of Asian rice turned to Vietnam this week as prices remained firm in Thailand and India, traders said on Thursday. Thai benchmark 5-percent broken rice RI-THBKN5-P1 edged up to $387-$392 a tonne, free-on-board (FOB) Bangkok, from $380-$390 last week. "Some ships are still loading," said a trader in Bangkok. Thai prices went up last week as exporters rushed to fill shipments amid a slow off-season harvest. Prices are expected to remain high for the next one to three…... [read more]

  • Ca Mau to build rice trademark

The southern province of Ca Mau is focusing on building a trademark for its rice, simultaneously promoting the product’s trade and advertisement after being certified as meeting domestic and international quality standards. The province is also prioritising connecting with enterprises to popularise Ca Mau’s specialty rice products at agents, shops and supermarkets inside and outside the province. Currently, the provincial Department of Agriculture and Rural Development plans to restructure the high-quality rice sector by 2020. Earlier, the Ministry of Agriculture and Rural Development launched a logo design contest for Vietnamese rice trademark, aimed at promoting the reputation of the country’s…... [read more]

  • Cà Mau to build rice trademark

Viet Nam News CÀ MAU - The southern province of Cà Mau is focusing on building a trademark for its rice, simultaneously promoting the product's trade and advertisement after being certified as meeting domestic and international quality standards. The province is also prioritising connecting with enterprises to popularise Cà Mau's specialty rice products at agents, shops and supermarkets inside and outside the province. Currently, the provincial Department of Agriculture and Rural Development plans to restructure the high-quality rice sector by 2020. Earlier, the Ministry of Agriculture and Rural Development launched a logo design contest for Vietnamese rice trademark, aimed at…... [read more]




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