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 has agreed to export about one million tons of rice to Indonesia every year
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.

Director General for External Trade Diah Maulida explained the MoU was not a binding contract but a document whereby 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 maximum volume of one million tons."

Diah said the revision of the MoU was based on Indonesia's experience this year where it had to import more than 500,000 tons because the harvest season in the country was delayed.

"The experience teaches us a lesson that we need to have a larger stock," Diah said
MGR Archive 9.4.2007
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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