The Vietnam Food Association (VFA) expects a boost in earnings from rice exports as world demand and prices surge.
VFA President Truong Thanh Phong said rice exporters have so far thisyear earned 2.56 billion USD from exporting over 5.5 million tonnes ofrice, representing an increase of over 14 percent in value and almost 12percent in quantity over the previous year.
Vietnamis among a few major rice exporters to enjoy such a rosy situation,with Thailand , India and Pakistan suffering a decrease in riceexports.
Abnormal climatic conditions caused badharvests in many countries. Indonesia , for example, had to drop itsplan to export rice and was forced to import food instead due to badharvests. In September alone, the Islamic country imported 300,000tonnes of rice from Vietnam and 200,000 tonnes from Thailand .
Rice reserves in Africa are depleting, pushing the continent towardsimporting rice. Poor harvests in many republics of the former SovietUnion have inflated world wheat prices and shifted some demand fromwheat to rice, causing more pressure on world rice prices, saideconomists.
FOB prices for Vietnamese rice averaged422.67 USD per tonne in the first nine months of the year, up by 16.43USD year on year
Rice exporters have signed contractsof 6.8 million tonnes against 6.5-6.6 million tonnes previously plannedfor the whole year.
Enterprises are expected to signcontracts for the export of an additional 3 million tonnes of rice andship another 2 million tonnes in the fourth quarter of the year.
As a result, Vietnam is likely to export between 7.2 and 7.5million tonnes of rice this year, breaking its record of 6 milliontonnes in 2009./.
VFA President Truong Thanh Phong said rice exporters have so far thisyear earned 2.56 billion USD from exporting over 5.5 million tonnes ofrice, representing an increase of over 14 percent in value and almost 12percent in quantity over the previous year.
Vietnamis among a few major rice exporters to enjoy such a rosy situation,with Thailand , India and Pakistan suffering a decrease in riceexports.
Abnormal climatic conditions caused badharvests in many countries. Indonesia , for example, had to drop itsplan to export rice and was forced to import food instead due to badharvests. In September alone, the Islamic country imported 300,000tonnes of rice from Vietnam and 200,000 tonnes from Thailand .
Rice reserves in Africa are depleting, pushing the continent towardsimporting rice. Poor harvests in many republics of the former SovietUnion have inflated world wheat prices and shifted some demand fromwheat to rice, causing more pressure on world rice prices, saideconomists.
FOB prices for Vietnamese rice averaged422.67 USD per tonne in the first nine months of the year, up by 16.43USD year on year
Rice exporters have signed contractsof 6.8 million tonnes against 6.5-6.6 million tonnes previously plannedfor the whole year.
Enterprises are expected to signcontracts for the export of an additional 3 million tonnes of rice andship another 2 million tonnes in the fourth quarter of the year.
As a result, Vietnam is likely to export between 7.2 and 7.5million tonnes of rice this year, breaking its record of 6 milliontonnes in 2009./.
