Vietnam coffee stocks can sustain 3 months’ exports, trader says

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Coffee inventories in Vietnam, the top global producer of the robusta variety, can sustain only three months of exports, Nedcoffee BV said. Stockpiles came to 187,343 metric tons at the end of May, with 130,306 tons stored in bonded warehouses, the Dutch trader estimated in a monthly report e-mailed today. The Southeast Asian country exported…


Cashews a hard nut to crack

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The Ministry of Agriculture and Rural Development (MARD) has adopted a flexible approach towards stuck cashew import shipments at ports as affected by MARD’s Circular 13/2011/TT-BNNPTNN dated March 16, 2011. Accordingly, shipments with import contracts signed before July 1, 2011 would go through custom checks if they have food sanitation certificates granted by the food…


Rice exports from Vietnam may beat target on bigger harvests, new markets

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Rice shipments from Vietnam, the world’s second-biggest exporter after Thailand, may exceed the goal for the year as production increases and exporters aim for new markets, including neighbor China. “Our target is still 7.4 million tons, but we will try to export more given the good crops and price,” Deputy Agriculture Minister Diep Kinh Tan…


Vietnam able to export up to 7.3m tonnes rice in 2011

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Vietnam, the world’s second-largest rice exporter after Thailand, is capable of shipping between 7.0 million and 7.3 million tonnes of the grain this year, after a record volume in 2010, the Agriculture Ministry said. A higher supply in Vietnam, plus India lifting a rice export ban in place since 2008 and Thailand raising its annual…


Rice market: exporters fear loss, farmers fear unsalability

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The decision by the Vietnam Food Association (VFA) to halt the purchase of one million tons of summer-autumn rice since July 15, has made the rice price decrease in Mekong Delta and made farmers worried. In the first two weeks of July, a kilo of unhusked rice or a kilo of five percent broken rice…


Pepper export crosses $420m mark in H1

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Till the end of June, the country’s pepper export reached 70,000 tons for more than $420 million, equaling to the pepper export turnover of entire 2010, the Thoi Bao Kinh Te Saigon newspaper reported. Do Ha Nam, Chairman of Vietnam Pepper Association said that this year’s pepper exports would likely surpass $600 million, growing $180…


More qualify as rice-export firms

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Viet Nam had 44 companies that reached the necessary standards to obtain a licence to export rice under Decree 109 issued by the Government on the management of rice exports, said an official from the Ministry of Industry and Trade. Phan Van Chinh, director of the ministry’s Import and Export Department, said there were 50-60…


Import tax on raw cashew to drop 3%

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The import tax rate on raw cashews would be cut from 5 per cent to 3 per cent from the beginning of September, according to the Ministry of Finance. The rate is being cut following a proposal by the Viet Nam Cashew Association in order to increase the domestic cashew industry’s competitiveness as well as…


Huge volume of litchi exported through Lao Cai border gate

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Since mid-June Vietnam has exported 16,256 tonnes of litchi to the Chinese market at an average price of VND16,000 per kilo. Over the past week, more than 1,000 tonnes of Vietnamese litchi have passed through the Lao Cai International Border Gate to China’s Yunnan province each year. Last year, over 40,000 tonnes of Vietnamese litchi…


Vietnam food prices climb amid inflation battle

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Meat and vegetable prices have spiraled out of control in recent months, putting Vietnamese officials in a bind as they try to beat back inflation. Nguyen Xuan Duong, deputy head of the Department of Husbandry, said food prices have increased by 40-60 percent since April. The price of pork in particular surged 70 percent, he…


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