Category Archives: Rice Market

Philippines: NFA Awards Import Contracts

The Philippines National Food Authority (NFA) has awarded import rights to 13 traders for an initial volume of 255,348 MT of rice, less than half of the amount approved for private sector purchases this year. Although no details of the price or origin of the rice were released, Gilbert Lauengco, special assistant to the NFA […]

VN Food Association denies rumors on 25% broken rice export halt

The Vietnam Food Association (VFA) has dismissed as groundless rumors that Vietnamese enterprises have suspended export of 25% broken rice due to an undersupply of this product on the domestic market. Huynh The Nang, chairman of VFA and general director of Vietnam Southern Food Corp (Vinafood 2), snubbed the rumors, confirming that local rice enterprises […]

Rice stockpiling in Vietnam 45 percent complete, industry group says

Vietnam, the world’s second-largest rice exporter, has accumulated 45 percent of a targeted 1 million ton stockpile in a bid to prevent local prices from slumping at harvest time, the Vietnam Food Association said. Domestic rice prices have been supported by the initiative, as well as by expectations that the Philippines will sign import contracts, […]

Russian keen on Vietnamese rice

(VOV) – Rice exports to Russia saw a sudden increase in the 10 months leading up to November, up 2.02 times in volume and nearly 80% in value, according to the Ministry of Agriculture and Rural Development (MARD). The MARD also reported that in November alone, the country shipped 885,000 tonnes of rice to get […]

Vietnam’s rice shipments could hit 6.8 million tonnes

Rice sacks are loaded onto a truck at a food processing company in Ho Chi Minh City. (Photo for illustration) Vietnam’s rice exports are likely to reach 6.8 million tonnes in 2015, according to the Ministry of Agriculture and Rural Development’s Centre for Informatics and Statistics. The figure was revised from the centre’s previous 6.02 […]

Vietnam’s rice exports up in volume, down in value

Vietnam’s rice exports between January and November saw a year-on-year increase of 3.6 percent in volume, but a 4.9 percent annual decrease in value, the Ministry of Agriculture and Rural Development reported. Rice exports in the first nine months reached 6.24 million tons, fetching US$2.65 billion in total. The average export price was $426 per […]

Indonesia launches trade, business fair

The ambassador told the press that Indonesia has the highest consumption rate in the world for rice. Some 250 million people in Indonesia eat rice HA NOI (VNS) — Indonesia plans to import one million tonnes of rice from Viet Nam to meet the country’s high demand, according to Indonesian Ambassador to Viet Nam Mayerfas. […]

Encouraging outcomes of Vietnam-Cuba rice production project

A joint project between Vietnam and Cuba on rice production has established 54,000 rice cultivation models with an average yield of 4.36 tonnes of rice per hectare, it was reported at a conference in Havana on December 11. With assistance from the project, Cuba’s Cuban Institute of Grain Research has been able to supply 20 […]

Rice exports may surpass 2015 target

Viet Nam had shipped 5.807 million tonnes of rice as of November this year. — Photo xaluan.com HA NOI (VNS) — Viet Nam’s rice exports are likely to exceed the target set for 2015 by 200,000 tonnes to 300,000 tonnes, hitting around 6.5 million tonnes for the year. A strong end to the year has […]

Philippines to buy 50,000T of rice to prop up reserves

(VOV) – The Philippines’ National Food Authority (NFA) has announced plans to purchase up to 50,000 metric tons of rice from Vietnam and Thailand, according to NFA Director Renan B Dalisay. The purchases are being made to ensure there are adequate inventories on hand in the event of a natural disaster, said Dalisay. Dalisay toured NFA […]