Vietnam Southern Food Corporation's workers load rice pallets at Saigon Port, HCM City (Photo: VNA) Hanoi (VNS/VNA) - Following recent criticism of the Vietnam Food Association (VFA), the Ministry of Agriculture and Rural Development (MARD) has reduced the association’s power, with further plans to promote fairness in rice exports. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed that the VFA should no longer be able to allocate rice quotas among domestic firms and Decree 109 regulating the country’s rice exports must be amended to facilitate the change. So far, the decree dictates that the VFA can only allocate rice export quotas under centralised contracts on the basis of agreements between Vietnam and importing countries. But since 2017, the association has chosen to focus more on auctioning off these quotas as a separate enterprise seeking its own profits instead of as a representative of rice producers. As a matter of fact, … [Read more...] about Vietnam Food Association risks losing rice monopoly
Vietnam food association
Vietnam Food Association forecasts decline in rice exports
Vietnam Food Association envisages many difficulties and challenges for the country's rice exports in the coming year. According to the association, Vietnam will face serious competition from Myanmar and Thailand in 2013. Besides this, some countries are expected to reduce import of rice. Indonesia said that they might not import rice at all or may minimize the volume because of excess stock at hand, having purchased 1.7 million tons this year. Malaysia also has rice in stock and will not import in the first quarter. China too has signed an agreement to buy rice from Thailand, which will be a serious loss as at the moment China is the biggest exporter of rice from Vietnam. The Ministry of Agriculture and Rural Development is planning to buy rice for stockpile during the winter spring crop and will submit the plan to the Government for approval. The ministry has also asked provinces in the Mekong Delta to reduce rice cultivation area in the next summer-autumn … [Read more...] about Vietnam Food Association forecasts decline in rice exports
Vietnam Food Association pledges to purchase all farmers’ rice
Kien Giang, January 16 (VNA) – The Vietnam Food Association (VFA) has promised that it will buy all commodity rice from farmers this year regardless of gloomy export prospects. According to VFA Chairman Nguyen Hung Linh, Vietnam ’s rice export will face more difficulties this year as China , the largest importer of Vietnamese rice that accounts for 30 percent of total exports, tightens imports via border gates and puts quotas on its companies. He cited stiff competition from major rice exporters such as Thailand , India and Pakistan in terms of both quality and price as a big challenge in 2015. Thailand , the world’s No. 1 rice exporter, is likely to sell out its huge volume of stockpiled rice this year, putting Vietnamese businesses under the pressure of falling rice prices, he added. In addition, local companies have been hindered by financial difficulties, poor cultivation planning, and out-dated technology. Linh predicted that the world rice demand is … [Read more...] about Vietnam Food Association pledges to purchase all farmers’ rice
Vietnam Food Association proposes rice export volume cut
HCM City (VNA) – The Vietnam Food Association (VFA) suggested exporting 2-3 million tonnes of rice per year through 2020 instead of 7-8 million tonnes at present. At a workshop in Ho Chi Minh City on December 13, the VFA said nearly 70 percent of Vietnamese rice is sold in Asia each year with China the biggest importer, followed by the Philippines, Indonesia and Malaysia. However, Vietnam’s rice exports to these markets are sluggish. VFA Chairman Huynh The Nang said in previous years, the three ASEAN nations imported around 2-3 million tonnes of rice from Vietnam. However, currently, rice export volume to the markets has reduced due to their governments’ policies of balancing domestic food and reducing dependence on rice imports. Meanwhile, China has put forth new quarantine regulations, and signed a protocol with Vietnam setting stricter sterilisation inspections on Vietnamese rice and rice bran imports. Nang said it is necessary to improve quality and ensure food … [Read more...] about Vietnam Food Association proposes rice export volume cut
Vietnam Food Association: No Rice Fever Will Happen
Because local firms are stocking 2.4 million-2.5 million tons of rice in stock while they need only 1.2 million tons for already-signed contracts, according to VFA vice chairman, Nguyen Tho Tri. "Vietnam still has rice for export in the first quarter of next year as Mekong Delta region will reap one million tons of rice in the third crop of 2009," Tri added. Rice prices have surged consecutively during the past weeks, hitting VND7,500/kg on Nov 23, up VND300/kg from a week earlier. Rice export prices also reached US$550/ton of 5% broken rice, up from US$500/ton against last week. The rice prices which are forecast to keep rising in the coming times worry local consumers about a rice fever. The VFA said that Vietnamese companies inked deals to export 6.45 million tons of rice as of Nov 20. They have so far this year delivered 5.573 million tons, valued at US$2.256 billion, FOB. (Local sources) … [Read more...] about Vietnam Food Association: No Rice Fever Will Happen