According to the Vietnam Food Association (VFA), the Thai government’s rice price hike programme would result in surging rice export prices until the year’s end. Vietnam’s rice export prices have jumped by around 60 per cent in the year to date. In the face of ongoing upward trend, the VFA has encouraged firms to continue [...]
Vietnam, the world’s second-largest rice exporter, shipped 5.92 million metric tons from the start of the year to Oct. 6, the Vietnam Food Association said. Shipments were 36,977 tons from Oct. 1 to Oct. 6, the association said in a statement on its website on Oct. 10. Vietnam may ship 7.52 million tons of rice [...]
Vietnam Food Association (VFA) has denied a rumour that the National Logistics Agency of Indonesia has signed a contract to buy additional 700,000 tonnes of rice from Vietnam, the local newswre VnExpress reported on Friday. According to rice exporters, while the local rice market has suffered a recent strong volatility, the wrong information about Indonesia [...]
The Ministry of Agriculture and Rural Development (MARD) has drawn up a food security strategy to ensure a balance between production and consumption. However, economists say that Vietnam should have a macro policy based on the prospect of rice exports in the world. The Ministry of Industry and Trade (MoIT) has proposed a number of [...]
Indonesia has just signed an agreement to import an additional 700,000 tonnes of rice from Vietnam, bringing the total imported volume to 1.2 million tonnes so far this year. Head of the Indonesian Bureau of Logistics (Bulog) Sutarto Alimoeso said the additional amount will be shipped to Indonesia in early 2012. Earlier, Bulog agreed to [...]
Vietnam’s export rice price may increase thanks to the possibility that Thailand’s customers will switch to buy Vietnamese rice. According to data compiled by Bloomberg, 100% B grain rice of Thailand is offered at $627 per tonne (FOB price), higher than $619 per tonne in previous week. This type of rice has ever reached 3-year [...]
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