Viet Nam’s rice export volume in 2018 is expected to increase by 400,000 tonnes from 2017 to reach 6 million tonnes, due to increased demand from Southeast Asia, especially from the Philippines, with China expected to be the country’s largest rice market. The Vietnam Food Association (VFA), in a report earlier in January, said countries in Southeast Asia will import a large amount of rice from Viet Nam, helping boost the country’s turnover this year. The VFA said Indonesia will import rice from Viet Nam and Thailand again in 2018 to increase reserves, as Indonesia’s rice price has been rising, almost double the floor price. Similarly, the National Food Board of the Philippines approved of up to 250,000 tonnes of imported rice to offset declining inventories, due to unfavourable weather in 2017. These developments are encouraging for Viet Nam’s rice export market, said the VFA’s report, with export price of 5 per cent broken rice rising to US$400 per tonne from $390. Domestic rice price also increased, with the average price between to $267 to $293 per tonne as of January’s end, having increased by $13 to $15 per tonne from December 2017’s price. According to the VFA’s data, throughout 2017, the country exported 5.7 million tonnes of rice worth $2.54 billion. As mentioned by the US Department of Agriculture (USDA)’s 2018 world rice production forecast, issued late 2017, the main factor behind this year’s rice trade expansion is increased output from Viet Nam, Pakistan and Myanmar, three of the… [Read full story]
Rice exports hit record high (04-03-2009) Viet Nam Southern Food Corporation workers stack rice bags for export. The nation exported 1.05 million tonnes of rice, worth US$479 million, in the first two months of the year. — VNA/VNS Photo Trang Duong HA NOI — Rice exports saw a record increase in the first two months of the year, but it was a success not matched by any of the nation's other agricultural products. According the Ministry of Agriculture and Rural Development, the nation exported 1.05 million tonnes of rice, worth US$479 million, in the first two months of 2009, including…... [read more]
(VOV) -Vietnam has earned US$1.350 billion from 2.969 million tonnes of rice exported since early this year. Rice exports hit US$1.302 billion in five months Rice export value surpasses US$1 billion Vietnam earns over US$760 mln from rice exports According to the Vietnam Food Association (VFA), over 180.8050 tonnes of rice were sold for nearly US$81.73 million in the first two week of June alone. In the Mekong Delta - Vietnam's largest rice basket - the selling price of rice hovers between VND4,850-5,150/kg. On the domestic market, the prices of 5% and 25% broken rice are somewhere between VND6,400-6,500/kg and…... [read more]
With an yearly export target of somewhere 4.5-5 million tonnes for this year, within less than five months, 88 percent of the target has been fulfilled in terms of the signed contracts and 55 percent in terms of the volume of rice exported. In April alone, Vietnam’s rice exports hit 700,000 tonnes, the highest level since the country started to export rice, up by 26.8 percent over the same month last year. However, economic experts say that in the face of the current high rate of rice exports, State management agencies and businesses should work more closely together to avoid…... [read more]
VGP - Viet Nam has shipped 906,173 tonnes of rice since the beginning of this year and pocketed US$411 million, according to the Viet Nam Food Association. The Association reported that the prices of dry unhusked rice in the Mekong Delta range from VND 5,150 (US$0.25) to VND 5,450 (US$0.26) per kilo. Rice export to some major markets in Africa, including Ivory Coast, Ghana and Senegal is facing difficulties due to severe competitions from India and Thailand, according to the Ministry of Industry and Trade. Last year rice exports hit a record high of 7.72 million tonnes, earning US$3.45 billion…... [read more]
The price of dried paddy rice in the Mekong Delta region is currently hovering around VND5,150-5,250 per kilo, with long grain rice being sold at VND5,350-5,450 per kilo. Unhusked five-percent broken rice is selling for VND7,950-8,050/kg, while unhusked 15-percent and 25-percent broken rice are VND7,550-7,650/kg and VND7,250-7,350/kg, respectively. The country’s average rice export prices in January fell by 20 percent compared to the same period last year. Hoang Duc Nhuan, Head of the Africa Division under the Ministry of Industry and Trade's Africa, Western and South Asia Markets, said that 2013 is proving to be a relatively difficult year for…... [read more]
