Top exporter of rice

Hanoi (VNS/VNA) - Higher rice supply in the domestic market has made the export price of Vietnam’s broken rice drop to 450 USD per tonne on June 19, the lowest level in the past two months. The Vietnam News Agency reported that domestic supply is increasing due to harvesting the summer-autumn rice crop. Vietnam am can export 2.3-2.5 million tonnes of rice from this rice crop after ensuring sufficient domestic consumption. The export price on June 4 hit the highest level of 475 USD per tonne, as rainfall affected the harvest. Meanwhile, India's export rice prices last week also dropped to the lowest level in two months due to weakness of the rupee and lower rice demand. The prices of five percent broken parboiled rice in India fell to 366-372 USD per tonne on June 18, the lowest level since March 26. Prices of Thai five percent broken rice also plunged to 505-525 USD per tonne on June 18 from 505-533 USD per tonne the previous week. According to the General Department of … [Read more...] about Rice export price lowest in two months

KIÊN GIANG — Kiên Giang Province, the country’s largest rice producer, has taken measures to strengthen co-operation between co-operatives and companies involved in rice production to improve the quality and value of the grain, and thus farmers’ incomes. … [Read more...] about Kiên Giang develops rice co-operative – company links to ensure demand, supply

The latest statistics represent a rise of 4.4% in volume and up 17.9% in value in comparison with the same period last year, according to the Agrotrade under the Ministry of Agriculture and Rural Development. The opening five months of the year saw the Philippines top the list of consumers of Vietnamese rice, purchasing 1.3 million tonnes for US$598.6 million, annual increases of 23% in volume and over 42% in value. … [Read more...] about Vietnam exports nearly 3.5 million tonnes of rice in six months

Hanoi (VNA) - Vietnam earned 1.71 billion USD from exporting nearly 3.5 million tonnes of rice in the first half of this year, up 17.9 percent in value and 4.4 percent in volume year-on-year. In June alone, 409,000 tonnes of rice worth 207 million USD was shipped abroad, according to the Agro Processing and Market Development Authority (Agrotrade) at the Ministry of Agriculture and Rural Development. The Philippines was the top buyer between January and May, importing 1.3 million tonnes of Vietnamese rice worth 598.6 million USD, or 40 percent of total rice exports, up 23 percent in volume and 42 percent in value from a year earlier. During the first five months, markets to which the value of rice exports enjoyed the strongest year-on-year growth were Senegal (18.3-fold), Indonesia (2.9-fold), and China (2.3-fold). Meanwhile, rice export prices increased 13 percent from the same period last year to average 485 USD per tonne. Agrotrade said the rice sector now has even more … [Read more...] about Rice exports up nearly 18 percent in H1

Hanoi (VNA) - Vietnam has seen strong growth in rice exports in the first five months of this year, shipping nearly 2.9 million tonnes abroad for 1.41 billion USD, up 5.1 percent and 18.9 percent, respectively, year-on-year. Shipments have increased sharply since May 1, when the Government resumed rice exports, Deputy Minister of Industry and Trade Do Thang Hai said. The country is pinning its hopes on exporting 3.7 million tonnes of rice in the first half of the year. Rice export prices averaged 485 USD per tonne during the period, a year-on-year increase of 13 percent, according to the Agro Processing and Market Development Authority. The average price surged 21.4 percent year-on-year in May, to 527 USD per tonne. The price of 5 percent broken rice shot up to 475 USD per tonne on June 4 - the highest point in eight years. Prices ranged from 450 to 460 USD per tonne a week prior. Deputy Minister of Agricultural and Rural Development Le Quoc Doanh revealed that Vietnam expects to … [Read more...] about Rice export value up 18.9 percent in January – May