Vietnamplus

Loc Troi Group (LTG) has announced that it completed the export of final batch of rice this year to Europe, including 4,170 tonnes of jasmine and white rice.

The Department of Internal Trade (DIT) under the Thai Ministry of Commerce has assessed that the drought situation in 2020 could hurt agricultural production, resulting in continued price increases.

Vietnam shipped abroad 586,000 tonnes of rice in September for 251 million USD, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and 2.24 billion USD, respectively.

Rice export expected to reach 3 billion USD

President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tons of rice this year.

The Thai Ministry of Agriculture has forecast that the country will export 9.5 million tonnes of rice in 2018, lower than 11.3 million tonnes in 2017 due to low stockpile and modest production caused by heavy rains.

Thai jasmine rice has taken the mantle of the World’s Best Flavoured Rice for the fifth time and for the second year in a row.

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

Vietnamese rice priceshaverecently increased in both domestic and foreign markets due to high demand and limited supply.

The Thai Rice Exporters Association has revealed that the price of Thai rice has reached 425 USD per tonne, due to the decreasing supply of rice on the global market.

Thailand’s military has deployed soldiers to seek cooperation from all rice mills nationwide, requesting them to buy grains from farmers at a “reasonable” price in an effort to prevent the rice plunge

Thailand’s government has decided to increase subsidy for Hom Mali (jasmine) rice farmers and take other measures to stabilise the rice market

The Thai Government’s committee for rice policy and management said on October 31 that it will offer a loan of 35.8 billion THB (1.02 billion USD) to jasmine rice farmers struggling with falling rice,