Farm hands, wearing conical hats, harvest rice grain at a farm in Can Tho Province, Vietnam. Photo: Bloomberg Rice farmer Nguyen Hien Thien is so busy growing his crops that he has never even visited Can Tho, a town only a few kilometres from his farm in the southern Mekong Delta. “When I was a […]
VietNamNet Bridge–Businesses have signed contracts to export over 3.28 million tons of rice this year, reported the Ministry of Agriculture and Rural Development yesterday. Many traders have temporarily stopped rice purchase in the Mekong Delta due to export difficulties (Photo: SGGP) Of these, 1.7 million tons worth US$738 million have been delivered, down 20 percent […]
Farmers harvest rice in Thoi Lai district, Can Tho (Photo: SGGP) Farmers earn a profit of VND10-15 million (US$459-688) per hectare of summer autumn rice crop which is amid peak harvest time in the Mekong Delta. On Sunday, traders paid VND4,100-4,200 a kilogram of fresh normal rice and VND4,400-4,600 a kilogram of fresh long grain […]
Farmers carry a bag of paddy (unhusked rice) at their farm in Tien Giang Province – PHOTO: TRUNG CHANH CAN THO – The rice price in many parts of the Mekong Delta region has dipped since Vietnam recently won a contract to supply 150,000 tons of rice to the Philippines. Some rice suppliers of unprocessed […]
The Philippines’ National Food Authority (NFA) is expected to import an additional 100,000 tons of 25% broken rice from Vietnam at a price of US$416 per ton. The director of a big rice export enterprise in the Mekong Delta region told the Daily that the NFA rejected the bids of Vietnam, Thailand and Cambodia at […]
VietNamNet Bridge – Vietnam’s rice exporters continue to rely on the Chinese market. Experts warn Vietnam may fall into the Chinese ‘low-quality rice’ trap. Exports at standstill, rice prices fall According to the Vietnam Food Association (VFA), Vietnam had exported 2.1 million tons of rice by the end of May, earning $870 million, a decrease […]
Statistics from the Ministry of Agriculture and Rural Development showed that domestic rice consumption, which was imposed with a 5 per cent VAT HA NOI (VNS) — The Prime Minister has approved the Ministry of Finance’s decision to not slash the value added tax (VAT) imposed on rice in the domestic market. Accordingly, the tax […]
VietNamNet Bridge – If Vietnam decided to cooperate with Thailand instead of competing fiercely, both of the countries would be able to sell rice at good prices instead of prices the Philippines wants. Under the current mechanism, the Filipino National Food Authority (NFA) chooses rice suppliers through bidding. The suppliers selected have to offer the […]
VietNamNet Bridge – The Philippines appears to have successfully exploited the stiff competition between two large rice exporters, Vietnam and Thailand, to force the prices down. Part 1: Philippine strategy The Philippines said it will no longer import rice as domestic production is high enough to satisfy domestic demand. Some exporters think that if Vietnam […]
Accumulated rice exports from the beginning of the year to July 16 stood at 2.875 million tons, according to the Vietnam Food Association. Exports under Cost Insurance and Freight (CIF) were worth $1.231 billion, while Free On Board (FOB) exports were $1.194 billion. The current price of raw rice made into 5 per cent broken […]
