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   

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Nation to export 5m tonnes of rice
HCM CITY — Viet Nam will export 5 million tonnes of rice this year, down by 200,000 tonnes from last year, according to the Trade Ministry.

Export revenue, however, is expected to be US$1.4 billion, equal to last year. Viet Nam is the world’s second largest rice exporter after Thailand.

Rice exporters have been told to look to Asia-Pacific countries where demand is expected to rise because of inclement weather.

Over the first half of the year, rice exporters have shipped 2.93 million tonnes of rice abroad, earning export turnover of US$796 million, an increase of 7 per cent compared with the same period last year.

The price of rice exports has risen in the last six months, with 5 per cent broken rice climbing to US$270 a tonne and 25 per cent broken rice going to US$250-255 a tonne.

Viet Nam recently agreed to export an additional 100,000 tonnes of rice to the Philippines, bringing rice exports to 1.6 million tonnes to that country since the beginning of this year.

The Viet Nam Food Association (Vietfood) has also called on rice processors and farmers to improve quality to raise the competitiveness of Vietnamese food on the global market.

Vietfood said it planned to promote high quality rice exports to traditional markets, including Japan, the EU, Indonesia and the Philippines as well as new markets in Iraq, Iran, Korea and Africa.

Last year, Viet Nam exported 5.2 million tonnes of rice, earning almost US$1.4 billion in export revenue, the highest in terms of output and value since the country began exporting rice 17 years ago.

In addition, exports of agricultural products have posted strong growth.

Rubber production in the first half of the year hit 270,000 tonnes, a year-on – year increase of 39 per cent, tea 45,000 tonnes (up 40.6 per cent), and vegetables and fruit (up 9.2 per cent)
MGR Archive 2.7.2006
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