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
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Vietnamese Govt Asked To Increase Rice Exports
The Vietnamese Ministry of Agriculture and Rural Development has asked the Government to increase this year's rice export target from 3.8 to 4.1 million tonnes.

The ministry made the request after it evaluated the country's rice yields set aside for export, which may reach 4.3 million tonnes this year.

The Vietnam Food Association (Vietfood) previously made the same request after the country reached its year's export target in June of 3.8 million tonnes, which the Government set earlier this year to insure the national food supply.

According to Vietfood, the domestic rice price has seen an increase after a period of sharp drops during which exporters purchased rice to fill contracts.

Unhusked rice in the Cuu Long (Mekong) Delta sells for VND2,050-2,100 per kilogram, up VND20-100 per kilogram from last week, and husked rice goes for VND3,200-3,500 per kilogram, up VND100-200 per kilogram from last week. The price of export rice rose VND50-80 per kilogram during the same period.

Prices are forecast to keep rising to the year end, as the stock volume is much lower than the contracted 1.2 million tonnes of export rice.

The Ministry of Trade has asked businesses to speed up rice buying from farmers, but the ministry has required that businesses export only at the best prices, as several exporters hastily signed to ship at low prices to stake out some of the restricted volume before it was gone.

Exporters reported earlier this week a contract for 185,000 tonnes of rice for the Philippines at US$280 per tonne for 25 per cent broken rice and $69 per tonne for 14 per cent. As of July 25 of this year, Vietnam businesses had already exported 3.1 million tonnes of rice.
MGR Archive 31.7.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice