Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume (Photo: VNA) Hanoi (VNA) – Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume. China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development. The average export price for rice showed a year-on-year rise of 15 percent to touch 501 USD per tonne thanks to better quality. High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time. In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017. According to Vietnam’s … [Read more...] about Rice exports bring home 1.1 billion USD in Jan-Apr
Biggest rice exporter
Import demand continues boosting Vietnam’s rice export
Farmers dry unhusked rice in Hong Dan district, the Mekong Delta province of Bac Lieu (Photo: VNA) Hanoi (VNA) – High rice import demand from Vietnam’s major markets in the second quarter is expected to help exporters continue good overseas shipments in the first three months of this year. Some foreign news sources reported that in late March, the State Logistics Agency of Indonesia (Bulog) signed contracts to purchase 300,000 tonnes of rice from Vietnam and 200,000 tonnes from Thailand. This is the third time Indonesia has imported rice since the beginning of 2018. Chairman of the Vietnam Food Association (VFA) Nguyen Ngoc Nam confirmed the report, saying that Bulog invited the Vietnam Northern Food Corporation and the Vietnam Southern Food Corporation to supply the rice. This contract will be carried out from April to July this year. The Philippines, another major market, is also planning to import rice in large amounts in the second quarter, the VFA said, adding … [Read more...] about Import demand continues boosting Vietnam’s rice export
Positive signs promise good year for rice export
According to the Vietnam Food Association (VFA), more than 5.7 million tonnes of rice was shipped abroad in 2017, surpassing last year’s target. There remain some 630,000 tonnes of rice under contracts signed last year to be shipped in 2018. While the remaining unsold rice volume is small, about 100,000 tonnes, the winter-spring harvest season has yet to reach its peak, leading to limited domestic supply. This is a reason behind Vietnam’s bid to sell only 141,000 tonnes of rice to Indonesia recently. Nguyen Ngoc Nam, Acting Director General of the Vietnam Southern Food Corporation (Vinafood 2) – one of the two Vietnamese firms winning the bid for rice export to Indonesia this time, said at the outset of 2018, Indonesia suddenly invited tenders for 500,000 tonnes of rice and requested rice be delivered in February. Eight companies from Vietnam, Thailand, India and Pakistan won rice supply bids but with small volumes, 346,000 tonnes in total. This result showed the … [Read more...] about Positive signs promise good year for rice export
Vietnam rice export back on track
Vietnam rice export back on track Trung Chanh HCMC – Vietnam’s rice export growth has regained momentum this year after a year of slowdown, according to a report by the Vietnam Food Association (VFA). Vietnam exported 2.3 million tons of rice worth US$1 billion in the first five months of the year, up 1.6% in volume and 1.2% in value year-on-year. China remained Vietnam’s largest rice importer, accounting for 47.5% of the nation's total rice exports. More than 815,000 tons of rice costing over US$376 million went to the northern neighbor in January-April, up 16.1% and 16.2% against the same period last year respectively. Vietnam shipped 4.89 million tons of rice valued at US$2.1 billion in all of 2016, a respective decrease of 25.54% and 20.57% against 2015. China was still Vietnam’s biggest importer of the food staple last year despite a 19.79% decline. It purchased more than 1.8 million tons of rice from Vietnam last year, 36.97% of Vietnam's … [Read more...] about Vietnam rice export back on track
VN wins Malaysia rice export deal – Agriculture – Economy
The Hanoitimes - Viet Nam has signed a contract to export 200,000 tonnes of rice to Malaysia, which is expected to support domestic rice prices. According to the contract, the Viet Nam Food Corporation No 2 will export 200,000 tonnes of 5 per cent broken white rice to Malaysia in July and August this year. The export price is at US$410 per tonne, free on board basis. The deal is the biggest since Viet Nam signed the Philippines contract to export 800,000 tonnes rice in April this year.It is expected to support rice export prices ahead of supplies from the winter-spring crop (January to July) harvests in the Red River Delta.According to the FAO rice price data, average export prices of Vietnamese 25 per cent broken rice increased to roughly $364 per tonne in May, up about 2 per cent from April. But it has declined by roughly 4 per cent from the beginning of this year. Viet Nam's 5 per cent rice prices also increased marginally to about $598 per tonne in May from about $386 per tonne … [Read more...] about VN wins Malaysia rice export deal – Agriculture – Economy