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Vietnam’s rice exports to hit 4m tons
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So far this year, provinces in the Red River Delta (North Vietnam) have produced 6.6 million tons of rice, up about 300,000 tons over initial forecasts, the Ministry of Agriculture and Rural Development (MARD) said.
Meanwhile, production in localities in the Mekong Delta (South Vietnam) has hit 6 tons per hectare on average, up nearly 2 quintals per hectares than the last year’s same period.
Therefore, the country’s total rice production this year will likely beat initial forecasts to surge past 35 million tons, the ministry said.
Currently, rice is up compared to pricing levels earlier at the beginning of 2005, according to the Ministry of Trade.
A ton of 5% broken price is now traded at US$258-260, while the price of 25% broken rice is US$248, the trade ministry said.
In the first five month of this year, Vietnamese rice producers have signed contracts to export three million tons, in which nearly 2.2 tons are to be delivered in June.
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| MGR Archive 13.6.2005 |
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| Region |
Type |
Price |
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| Russia |
Rapan |
$ 700 |
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| USA |
Jupiter Rice |
$630 |
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| USA |
Calrose #1 |
$830 |
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| USA |
Calrose #1 Paddy |
$480 |
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| EU Prices |
Baldo |
€660 |
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