Vietnamplus

Rice exports are expected to recover in the second quarter of this year, boosted by encouraging market signs.

After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Vietnam – though not by much.

Rice is one of Vietnam’s major exports and Vietnam has maintained the position as one of the world’s top ten biggest rice exporters for many years.

A Vietnamese company has won a bid to export 60,000 tonnes of Japonica brown rice to the Republic of Korea, defeating competition from rivals of China, Thailand and Australia.

Optimising advantages in the markets signing free trade agreements (FTA) with Vietnam is expected to contribute to boosting Vietnam’s export revenue.

The prices of Vietnam’s sticky rice are facing a downward trend due to its over-supply and dependence on a single large market.

With improved product quality and consecutive win of export contracts, doors are wide open for Vietnamese rice.

Vietnam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes.

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.

High rice import demand from Vietnam’s major markets in the second quarter is expected to help exporters continue good overseas shipments in the first three months of this year.

Japonica rice can become one of the main rice varieties for export of Vietnam in the coming time, according to the Vietnam Food Association (VFA).

The Vietnam Food Association (VFA) was urged to work with other units to continue shifting rice production towards higher output of high-quality rice.

Many rice export contracts continuing from 2017 and Indonesia’s import order at the year’s beginning amid limited rice supply are positive signs for Vietnam’s rice exports.

Vietnam shipped abroad nearly 5.2 million tonnes of rice worth over 2.27 billion USD in the first 11 months of this year, surpassing the figure of the entire 2016 at 4.9 million tonnes.

Vietnam shipped 5.05 million tonnes of rice worth 2.25 billion USD in the first ten months of 2017, up 22.3 percent in volume and 21.1 percent in value year on year.

The Vietnam Food Association (VFA) has decided to raise its rice export target from 5.2 million tonnes to 5.6 million tonnes, following an increase in rice contracts for the last months of the year.

Diversifying into high-value rice markets could be a boon for Vietnamese rice exporters, experts have suggested.

The Mekong Delta city of Can Tho has signed an agreement with Iran to ship 100,000 tonnes of rice to the country, said Huynh Trung Tru, Deputy Director of the Department of Industry and Trade.

Vietnam exported more than 4.5 million tonnes of rice in the first nine months of this year for 2 billion USD, but its dependance on the Chinese market brings latent risks.

The Vietnam Food Association (VFA) revised up the goal of rice export to 5.6 million tonnes this year from the 5.2 million tonnes set in July thanks to a strong rise in contracts signed during August