‘Rice price increases due to hoarding’: Trade minister

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Ministry of Industry and Trade while addressing a press meeting said that the exporters were racing to purchase rice due to the rumors that Vietnam has signed deals to export 500,000 tonnes of rice to Indonesia and Malaysia. Rice market this year is showing unpredictable movements in the last months because Vietnam’s largest rice importer…


Vietnam sells another 300,000 tons of rice to Indonesia

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Hanoi. Vietnam’s top rice exporter Vinafood 2 has sealed a new contract to sell 300,000 metric tons of the grain to Indonesia Hanoi. Vietnam’s top rice exporter Vinafood 2 has sealed a new contract to sell 300,000 metric tons of the grain to Indonesia following a larger deal last month, a state-run newspaper said, which…


Vietnam’s rice bowl threatened by rising seas

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Climate change is turning rivers of Mekong Delta salty, spelling disaster for millions of poor farmers Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty. “The government tells us that there…


Vietnam can see great opportunities to export parboiling rice

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Vietnam’s parboiling rice has been exported to Eastern European countries, Africa and some Asian countries. If its plan to expand export markets goes smoothly, it may export 150,000 tons of parboiling rice this year. Truong Thanh Phong, Chair of the Vietnam Food Association (VFA), said at a recent conference that many countries have placed orders…


Second Rice Festival to be held in Soc Trang

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The event is scheduled to open at the Exhibition and Culture Centre in Soc Trang province on November 8, 2011. The organizing board announced at a press briefing in Ho Chi Minh City on August 16 that there will be about 1,000 stands showcasing export rice, rice products and farm equipment of different kinds. The…


Cresting Mekong tributaries signal bumper rice crop

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CUU LONG DELTA — Flooding caused by rising water levels from the upper stream of the Tien and Hau rivers, two main tributaries of the Mekong River, has arrived one month early this year, contributing to a bumper harvest. Farmers are now busy catching fish, shrimp and other aquatic species brought by the flooding. An…


Mekong delta rice warehouse to be completed in 2013

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The construction of a warehouse capable of string of 4 million tonnes of paddy rice in the Mekong delta will be completed by 2013, two years later than scheduled. The Ministry of Agriculture and Rural Development announced the delay on August 10, adding the implementation of the plan faced many difficulties. Under the plan, the…


Foreign firms granted licence to export rice

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Four foreign-invested enterprises have been given a licence to export rice, Industry and Trade Deputy Minister Nguyen Thanh Bien said. The foreign companies joined the list of 44 that met the criteria to export rice under Government Decree 109 on the management of rice exports. Speaking in Ho Chi Minh City, Bien said five more…


Rice prices escalating, farmers now have more power in bargaining

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For the first time in the last many years, the summer-autumn rice price does not decrease, even though it is now the highest harvesting season. The price keeps the upward trend, bringing more profits to farmers. Vietnamese farmers now can sell rice well thanks to Thai price increases caused by the Thai government policy on…


Vietnam to export more rice to cash in on surging demand

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HANOI (Commodity Online) : World’s second largest Riceexporter Vietnam said it will export more rice to cash in on the demand boom for the commodity. Vietnam Food Association said country’s rice exports rose 26 percent year-on-year in the first seven months as importers looked for new suppliers in anticipation that Thailand will raise its prices.…


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