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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Vietnam tightening rice exports
The Ministry of Industry and Trade is drafting a new decree aimed at tightening rice exports, Minister Vu Huy Hoang said at the November 18 session of the National Assembly.

Hoang said the drafted decree would fix prices for rice bought from farmers, and prevent business activities that violate the current regulations and cause losses to enterprises and farmers.

The minister added that his ministry is working with the Ministry of Finance to map out support policies designed to stabilise rice prices, which will be submitted to the government for approval and then enforced as of 2010.

Sharing views on this issue, Minister of Finance Vu Van Ninh told deputies that concerned ministries and agencies will discuss with the country's major food corporations the establishment a fund to ensure the purchase of paddy from farmers at the floor price.

The Ministry of Industry and Trade forecast that Vietnam is likely to export 6-6.2 million tonnes of rice this year, a year-on-year increase of 30 per cent.

While answering the legislative deputies questions about recent fluctuations in petroleum prices, the two ministers said Decree 84 will replace Decree 55 as from December, permitting businesses of all economic sectors, excluding foreign direct investment enterprises, to trade in petroleum products and set prices within a certain range.

In the case of petroleum prices skyrocketing, the State would intervene, Minister Vu Huy Hoang elaborated.

Regarding bauxite projects in the Central Highlands, Hoang said the Tan Rai project in Lam Dong province is being carried out on schedule, and causing no negative impact on social security and order. The project is expected to begin exploitation in late 2010.

For the Nhan Co project in Dak Nong province, the minister emphasised the need to make further assessments of its economic efficiency before deploying it, especially in terms of its impact on the environment.

During the session, Hoang also cleared up a number of issues related to the development of the domestic market, the fight against smuggled and poor-quality products, food hygiene and the planning of hydroelectric power projects.
MGR Archive 20.11.2009
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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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