The Vietnam Food Association (VFA) revised up the goal of rice export to 5.6 million tonnes this year from the 5.2 million tonnes set in July thanks to a strong rise in contracts signed during August and positive signs of the market.
VOV.VN - Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand.
The Vietnam Food Association (VFA) aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes, up 6% year-on-year.
Exports of glutinous rice to China, Vietnam’s biggest rice importer, are stagnating, despite overseas shipments of the commodity soaring 34% in the first half of 2017.
Vietnam exported nearly 2.66 million tonnes of rice in the first half this year with free-on-board value of US$1.65 billion, reported the Vietnam Food Association.
Vietnamese private rice exporters will be allowed to participate in the bidding for the supply contract of 250,000 tonnes of rice to Philippines on July 25.
Recent gains in the volume and value of rice exports can be attributed more to low prices than to better quality or greater market penetration, experts say.
Vinafood 1 and Vinafood 2 want to be exclusive bidders for government-to-government (G2G) rice export contracts, but analysts warn of the dangers of a monopoly.
Vietnamese rice prices have recently increased in both domestic and foreign markets due to high demand and limited supply.
The Ministry of Industry and Trade is drafting a decree to remove bottlenecks for rice export businesses, especially small-and medium-sized enterprises (SMEs).
VOV.VN - Vietnam farmers face another difficult year as confidence falters with industry analysts particularly pessimistic the country will reach overseas sales of more than five million metric tons in 2017, the Vietnam Food Association has said.
Vietnam’s farming exports in the first eleven months of 2016 reached US$29.1 billion, up 5.9% over the same period of last year, with eight commodities each earning more than US$1 billion.
Vietnam is sitting on a stockpile of 1.2 million tons of rice, according to the Vietnam Food Association (VFA).
VOV.VN - Successfully achieving a national rice brand that is recognized globally by consumers for a variety of practical reasons is a very difficult task, says the Vietnam Food Association (VFA).
VOV.VN - The Philippines has authorized the import of 293,100 metric tons of rice from Vietnam, per information released on October 10 by the Vietnam Food Association (VFA).
Shipments to African countries surged while the Chinese market became more and more challenging.
The US rejected 1,700 tons of rice from Vietnam during January-April.
Domestic rice exporters are grappling with low demand in traditional importing markets and lower prices on global markets.
Vietnam exported 432,000 tonnes of rice for US$191 million in August, bringing the total volume and value in the first eight months of this year to 3.37 million tonnes and US$1.51 billion.
VOV.VN - The Ministry of Agriculture and Rural Development (MARD) has been scrambling as of late to devise short-term measures to prop up a faltering agriculture economy and introduce measures to stimulate production and demand.