Rice exporters start stockpile on possible hike

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Many Vietnamese rice exporters have started to stock rice in anticipation of a possible price hike caused by Thailand’s policy to buy its local products at high prices next month, Saigon Tiep Thi newspaper reported. In Ho Chi Minh City, rice retail prices have been rising by up to VND2,000 a kg during the past…


15tr dong needed to rescue Vietnamese coffee exporters

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Vietnam put out 1 million tons of coffee in the 2010-2011 crop. However, more than 50 percent of the output was purchased by foreigners. The foreign businessmen have nearly controlled the domestic coffee price. Especially, they took the actions to tarnish the good repute of Vietnamese enterprises, thus persuading international importers to shift to do…


Ministry licenses 44 rice exporters nationwide

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Up to 44 food traders will be able to engage in rice export under new standards applicable from October 1, comprising 29 enterprises having been licensed and 15 others pending the stamp of approval from authorities. Phan Van Chinh, head of the Import-Export Department under the Ministry of Industry and Trade, told an online meeting…


Thai rice dealers warn against gov’t price hike

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HCM CITY — Thai rice exporters are looking for alternative sources of supply in Viet Nam and Cambodia in case the new government makes prices too high for export. The Thai Rice Exporters Association (TREA) has been crying foul about the newly-elected Pheu Thai’s announced policy to allow farmers to mortgage their entire harvest for…


Domestic rice prices too high, exporters incur losses

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A lot of rice exporters complain that they are incurring big losses because the domestic rice prices have been increasing more sharply than the export prices. Rice price on the rise The summer-autumn husky rice price in Mekong River Delta has hit the 6700 dong per kilo threshold, the highest ever level after a short…


Apple exporters bicker as Australian market opens

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There can be few more passionate individuals than an Australian orchardist on the topic of fireblight, the destructive organism that can destroy a productive block of apple or pear trees almost overnight. New Zealand has fireblight, and has been managing it for years. While a serious pest, it is largely a non-issue. In Australia, where…


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…


VASEP determined to protect shrimp exporters

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The Vietnam Association of Seafood Exporters and Producers (VASEP) will pursue the country’s claim against US-anti-dumping measures on its frozen shrimp shipments, in order to protect the interests of Vietnamese shrimp exporters. VASEP Chairman Tran Thien Hai made the statement on July 12 in response to information that the World Trade Organisation (WTO) on July…


Cashew nut exporters upbeat about future

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Vietnam’s cashew exports are likely to rise to US$1.5 billion in 2020 from $1.13 billion last year, the Viet Nam Cashew Association has said. Speaking at an international cashew conference in HCM City last week, Nguyen Thai Hoc, its chairman, said under the industry development strategy, the area under cashew would remain at 350,000 hectares…


Coffee exporters buy high, sell cheap

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A lot of Vietnamese coffee exporters have to purchase coffee from foreign businessmen to fulfill export contracts. The purchase prices are even higher than the export prices. The problem is that Vietnamese exporters have signed the contracts on exporting coffee, but they cannot collect coffee from farmers to fulfill the orders, because only 10 percent…


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