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 in front of doubth - should rice be exported more?
Many rice exporters have recently asked the Ministry of Agriculture and Rural Development for increase of rice export volume this year to 4.8 – 5 million tons for the reason that stockpiles are large enough for disaster relief and export in early 2006. However, the Ministry remains with its guidelines which require exporters to stop signing more export contracts for this year so as to ensure national food security.
Many provinces in the Northern and Central regions have just been hit hard by storms and floods. People there are coping with hunger threats while their rice fields were flooded with water.
Despite an increase of 600,000 tons in paddy rice production of the Southern region, the country’s rice output this year will likely reach 35.9 million tons, just 100,000 tons over 2004.
As estimated, domestic demand for food next year will total as much as 28.3 – 28.5 million tons of paddy rice. On the other hand, the volume of paddy rice for export will be only 7 million tons (roughly 4 million tons of rice). Including stockpiles, there will be 4.3 – 4.5 million tons of rice for export next year.
In 2004, Vietnam exported 4.062 million tons of rice, earning $859 million. This year, it has exported 4.4 million tons so far, earning as much as $1.1 billion, 42% and 72% up in terms of export volume and value in compared to 2004.
Rice prices in the world market are on the rise. That is why many rice exporters want to sell more rice to foreign importers. However, Minister of Agriculture and Rural Development has said if more rice is exported, national food security might be threatened. He had below reasons for his argument:
First, the final crop of this year in Northern localities has been a failure. The winter – spring crop will not be harvested before May of 2006. Until that time, people will have to rely on the Cuu Long Delta’s supplies.
And second, from now to May of 2006, the Cuu Long Delta will have 2 crops but with modest outputs, just enough to satisfy domestic demand. Deputy Prime Minister has reaffirmed that the very first aim of agricultural production is to ensure national food security.
According to Deputy Minister of Agricultural and Rural Development Bui Ba Bong, the world market for rice will continue to be favorable to exporters next year and there is no need to export more rice in the final months of this year. Many rice exporters also share the view.
MGR Archive 21.10.2005
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Russia Rapan $ 700
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USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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