The Vietnam Food Association VFA has announced the new floor rice export prices, the move which is believed to help stop some rice exporters who break the commitments and export at low prices. The decision has been made after some Vietnamese rice exporters offered rice to Malaysian importers at the low price of 460 dollars [...]
Price of 5% broken rice for export has been added up by $10/ton from December 22, 2011, the Vietnam Food Association (VFA) said, adding that VFA has raised floor prices of rice for export 8 times from year-to-date. With this adjustment, the floor price of 5% broken rice for export has been raised to $500/ton. [...]
Vietnam harvested a record rice output of 41.8 million tonnes this year, 1.8 million tonnes higher than last year, said Ministry of Agriculture and Rural Development (MARD). Thanks to bumper harvest, Vietnam boosted its rice export, shipping abroad 6.8 million tonnes in the first eleven months, grossing $3.5 billion. This represented a year-on-year rise of [...]
Domestic rice prices early this month have soared to record high in the past three years but farmers have no stockpile left to enjoy the whopping profits, the Saigon Times reported. Rice traders in the Mekong Delta said prices this week had continued to soar by 350 dong a kilogram compared with last week. They [...]
Ministry of Industry and Trade while addressing a press meeting said that the exporters were racing to purchase rice due to the rumors that Vietnam has signed deals to export 500,000 tonnes of rice to Indonesia and Malaysia. Rice market this year is showing unpredictable movements in the last months because Vietnam’s largest rice importer [...]
Climate change is turning rivers of Mekong Delta salty, spelling disaster for millions of poor farmers Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty. “The government tells us that there [...]
Rice prices have soared to an all time high of VND6,400-6,700 per kilogram, causing farmers to hold on to their rice in expectation of higher rates while traders are stockpiling the grain in large quantities. Farmers in the Mekong Delta are nearing the end of their summer-autumn rice harvest season and rice prices have accelerated [...]
For the first time in the last many years, the summer-autumn rice price does not decrease, even though it is now the highest harvesting season. The price keeps the upward trend, bringing more profits to farmers. Vietnamese farmers now can sell rice well thanks to Thai price increases caused by the Thai government policy on [...]
The Mekong Delta province of An Giang is working on a project to build a farm in its Lao twin province of Champassak. Vice Chairman of the provincial People’s Committee Ho Viet Hiep announced the project while meeting with Lao Deputy Prime Minister Somsavath Lengsavath in Vientiane on July 4 during his working visit to [...]
The price of paddy rice in the Mekong Delta increased by VND200/kg on July 3 to reach VND5,750-5,850/kg. According to the Vietnam Food Association (VFA), the price is rising because rice exporters have to increase the volume of rice they purchase to meet new contracts signed with Bangladesh and Indonesia. Currently, 25-percent broken rice is [...]
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