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 raises ceiling on rice exports to allow extra 10,000 tonnes a month
AFX - Asia, August 9, 2004
The Ministry of Trade has raised the ceiling on rice exports to allow producers to ship an extra 10,000 tonnes of fragrant and sticky rice overseas each month until the end of the year.
Bui Thanh Tam, an official from the export-import department of the state-controlled Vietnam Foodstuffs Association, said the decision was taken last week in response to domestic lobbying.
The government had limited rice exports this year to 3.5 mln tonnes in order to maintain food security.
Producers, however, argue that a bountiful crop in the southern Mekong Delta region negates this concern and they should be allowed to take advantage of rising global rice prices.
The trade ministry's decision to allow the export of an additional 5,000 tonnes of fragrant rice and 5,000 tonnes of sticky rice until the end of the year could take total rice exports for 2004 to 3.8 mln tonnes, Tam said.
The ministry, however, refused to increase the export ceiling of broken rice -- the most popular variety in Vietnam -- on the grounds of food security.
Last year, Vietnam exported nearly 3.9 mln tonnes of rice. Indonesia and Philippines are two of the biggest importers.
MGR Archive 10.8.2004
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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