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
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
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
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      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:


Convert
  © 2002 All rights reserved. - Legal Notice