Thailand and Vietnam to discuss rice pricing strategy

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Thai rice exporters plan to gather with Vietnamese partners and the Vietnam Food Association (VFA) in mid-September, to discuss the possible impacts of the Thai new policy on supporting agricultural development on the rice prices. With the new policy initiated by the new Thai Government, the prices of Thai rice will increase, which will surely…


Vietnam coffee exports may fall 23 percent in August, Marex says

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Coffee exports from Vietnam, the world’s largest producer of the robusta variety used in instant coffee, may have fallen 23 percent last month from the year earlier period, according to Marex Spectron Group. Bean shipments were estimated at 65,000 metric tons in August, down from 84,000 tons in the same period last year, the London-based…


Rice exports from Vietnam reach 5.32 million tons, group says

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Vietnam, the world’s second-largest rice exporter, shipped 5.32 million metric tons from the start of the year to Aug. 31, the Vietnam Food Association said. Shipments were 697,642 tons in August, the association said in a statement on its website Sept. 1. Vietnam may ship 7.3 million metric tons of rice in 2011, Vietnam’s agricultural…


Volatile trend seen in pepper futures

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Pepper traded with high volatility but overall sentiments remained firm as the rates rose further with intermittent profit booking at the higher levels. There are anticipations of a further rise in export and domestic demand, and lower stocks and lower global production reports. But traders do anticipate some moderate fall in rates from these higher…


Key plant-breed plan to cost $8 million.

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The Government will invest VND170 billion ($8.25 million) in developing key plant breeds, according to VietGAP (Vietnamese Good Agriculture Practices) standards. The funds will be devoted to 29 projects that will run until 2015, according to Tong Khiem, Director of the National Agricultural Extension Centre under the Ministry of Agriculture and Rural Development. Khiem said…


Cashew nut export revenue hits US$850 million

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Vietnam exported nearly 108,000 tonnes of cashew nuts worth US$857 million in the first eight months of this year, up 25 percent in terms of value compared to the same period last year, according to the Vietnam Cashew Association (Vinacas). The Association said that in the second half of August, local cashew nut exporters faced…


Coffee rises on Brazil, Vietnam stockpiles; sugar, cocoa gain

Coffee futures rose to the highest in more than three months in New York on signs of limited global supplies. Sugar and cocoa also climbed. World coffee exports fell to 7.35 million bags in July from 8.2 million bags a year earlier, the International Coffee Organization said today. Vietnam, the world’s largest grower of the…


Vietnam coffee said to be trading at a discount before record production

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Buyers are demanding a discount for Vietnam’s coffee crop starting in October on speculation of record output, according to three people involved in the trade. The beans are trading at $70 to $90 a metric ton below the price on the NYSE Liffe exchange in London, according to the people, who declined to be identified…


Vietnam’s coffee crop may start early on weather, ABN Amro says

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Harvesting of the 2011-12 coffee crop in Vietnam, the largest producer of the robusta variety, may start a month earlier than usual due to favorable weather, according to ABN Amro Bank NV and researcher VM Group. The Southeast Asian will produce 21.5 million 60 kilogram (132.3 pound) bags of robusta beans next season and 400,000…


Pepper exports enjoy surging prices

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Viet Nam shipped 15,000 tonnes of pepper abroad in August, earning a turnover of US$91 million and boosting the total volume of exports to 98,000 tonnes in the first eight months of the year, announced the Ministry of Agriculture and Rural Development. The first eight months of exports marked a modest increase of 6.5 per…


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