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
Vietnam ready to supply RI with one million tons of rice every year
Jakarta (ANTARA News) - Vietnam has agreed to export about one million tons of rice to Indonesia every year, Trade Minister Mari Elka Pengestu said here on Thursday.

"We have revised and extended our Memorandum of Understanding for rice import from Vietnam until 2009, and we have also agreed to increase the volume of our import to one million tons per year," the minister said after signing the MoU during a meeting of the Indonesia-Vietnam Joint Commission here.

The MoU was signed by Mari E Pangestu and her Vietnamese counterpart, Troung Dinh Tuyen.

Indonesia and Vietnam previously signed an MoU which contained an agreement that Indonesia would import some 500 million tons of rice a year.

Director General for External Trade Diah Maulida explained the MoU was not a binding contract but a document agreed on by the two sides where Vietnam would guarantee supply of rice to Indonesia.

"With the MoU, rice will be available each time we need it as if we have stocks in that country," Diah said.

The director general said that the amount of one million tons was a maximal limit. "It means that we can import in a very small volume or a maximal volume of one million tons."

Diah said that the revision of the MoU was based on Indonesia`s experience this year where it had to import more than 500 thousand tons because the harvest season in the country was delayed.

"The experience teaches us a lesson that we have to have a larger stock," Diah said.

Besides the MoU on rice import with Vietnam, Indonesia also had a similar MoU with Thailand, and it was also exploring the possibilities to conclude similar MoUs with China and Pakistan.

"We have to study it first whether the rice meets the quality we need. In the past, the type of Pakistan`s rice did not suit consumers in Indonesia," Diah said
MGR Archive 6.4.2007
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