Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Vietnam to Raise Rice Export Target to 3.6-3.7 MLN Tonnes
Asia Pulse
HANOI, The Ministry of Agriculture and Rural Development (MARD) plans to raise this year's rice export target from 3.5 tonnes to between 3.6 and 3.7 million tonnes.
In the first eight months, the country exported nearly 3 million tonnes of rice, earning US$557 million, representing year-on-year increases of 23.5 per cent in volume and 4.9 per cent in export value.
Experts said that, rice exporters should ship abroad 800,000-900,000 tonnes in the remaining months to attain the said target and ensure the trade balance and national food security.
Rice exporters are experiencing a smooth period as demands for Viet Nam's rice has increased compared with 2002. Vietnamese rice is on sale at good prices.
According to the MARD, the Mekong Delta - the country's biggest rice producer - has not only helped ensure food for localities nationwide but become the main provider of rice for exports over the past 14 years. The region grows three rice crops a year, with winter-spring rice being the main crop and also main export rice.
The Mekong Delta has produced around 17.5 million tonnes of rice a year, including 10.5 tonnes for domestic use and 7 tonnes (equivalent to 3.5-3.8 million tonnes of processed rice) for export.
This year's rice output is estimated to be the same as last year (more than 33.6 million tonnes).
The northern Viet Nam Food Corporation (Vinafood 1) has signed some more contracts to export about 100,000 tonnes of rice to Cuba, 25,000 tonnes to EU and several dozens tonnes to Africa.
Viet Nam is expanding its rice market to some Latin American countries, recently signing a contract to export 40,000 tonnes of rice to Brazil.
The UN has also purchased 60,000 tonnes of Vietnamese rice for Iraq under the oil for food programme in September.
MGR Archive 10.9.2003
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