Vietnam expects to produce 41 million tonnes of food output and export 6.5-7 million tonnes of rice this year, according to the Vietnam Food Association (VFA). In 2011, Vietnam exported 7.1 million tonnes of rice, earning US$3.65 billion, says VFA. The association is urging businesses to sign contracts to export 600,000-800,000 tonnes in the first [...]
2011 is considered a golden year of rice exports as Vietnam expects to ship a record volume of seven million tonnes abroad and earn US$3.7 billion in revenue. Efforts to iron out snags In the early months of 2011, rice exports faced challenges as the Philippines, Vietnam’s biggest rice consumer, decided to cut its import [...]
Vietnam Food Association (VFA) reported that from December 1 to 22, 2011, Vietnam exported 210,000 tonnes of rice, earning $121.434 million. From December 1 to 15, the country’s rice export reached 151,143 tonnes worth $87.748 million. Thus, in last week, Vietnam’s rice export reached 58,897 tonnes valued at $33.686 million, rising 25 percent in quantity [...]
Experts say Vietnam has every reason to believe that it may replace Thailand as the biggest rice exporter in the world in 2012. With the overly high export prices, Thai rice exporters are worried that the rice export volume of the country would fall by a half in 2012. If this occurs, the position of [...]
The Vietnam Food Association (VFA) will increase the floor prices of rice for export by US$10 per tonne as of December 22. Accordingly, the lowest price for the 5 percent broken rice is now US$500 per tonne while the 25 percent broken rice remains unchanged at US$470 per tonne. The VFA has also announced that [...]
The Mekong Delta region has exported an additional 91,000 tonnes of rice, bringing the country’s total rice exports so far this year to 6.1 million tonnes, worth US$3.1 billion. The figures reflect year-on-year increases of 7 percent in volume and 16 percent in value. Asia remains the largest importer of Vietnamese rice with 63 percent [...]
Vietnam plans to increase export of parboiled rice by a third next year to 400,000 tonnes, over this year’s estimated 300,000 tonnes. Vietnam plans to increase export of parboiled rice by a third next year to 400,000 tonnes, over this year’s estimated 300,000 tonnes, reported Vietnam News Agency on Thursday, quoting the Vietnam Food Association [...]
Vietnam has set a target to export 7 million tonnes of rice in 2012, similar to the record high volume expected this year, a state-run newspaper quoted a government minister on Tuesday as saying, citing competition from India and Pakistan. Exporters have bought just 700,000 tonnes for stocking, down from a level of between 1.5 [...]
The Southern Vietnam Food Corporation (Vinafood 2) has signed a contract to export 300,000 tonnes of 5 pct broken rice to Malaysia, announced the Vietnam Food Association (VFA). The delivery of rice will be done in March, 2012. Previously, Vietnam had signed another contract to export 300,000 tonnes of rice to Indonesia, mainly from the [...]
Vietnamese rice traders are growing more concerned about a lack of export contracts for next year as few deals have been clinched with importers, said a leading food trader at a meeting on Monday. Cao Thi Ngoc Hoa, deputy general director of Vietnam Southern Food Corporation (Vinafood 2), said only 220,000 tons of rice have [...]
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