Vietnamplus

Thailand’s Royal Irrigation Department (RID) expects more rain this year and a harvest of 24 million tonnes of rice in the 2020-2021 crop.

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.

The application of advanced technology in preservation and processing is the most important factor in Vietnam’s rice value chain, said Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences under the Ministry of Agriculture and Rural Development (MARD).

Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May, declining 20.7 percent in value and 4 percent in volume as compared to the same time last year, the Ministry of Agriculture and Rural Development said.

The Mekong Delta province of An Giang has targeted shifting from traditional agricultural production, which is heavily dependent on fertilisers and chemicals, to more sustainable production and organic standards, said a provincial official.

Vietnam will earn 3.15 billion USD from the export of 6.15 tonnes of rice this year, up 19.6 percent in value and 5.7 percent in volume compared to the last year’s figures, statistics show.

Rice exports have shown positive signals recently, with many firms winning bidding contracts, according to the Ministry of Industry and Trade (MoIT).

Vietnam shipped close to 122.4 million USD worth of rice products to Malaysia in the first five months of 2018, surging 177 percent from the same period last year.

Four Vietnamese firms are attending the 15th Malaysia International Halal Showcase 2018 underway in Kuala Lumpur from April 4-7.

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

Vietnam exported nearly 2.66 million tonnes of rice in the first half this year with free-on-board value of 1.65 billion USD, reported the Vietnam Food Association.

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.

Encouraging signs for rice exports after a down-period have boosted the Vietnamese rice market.

The Ministry of Commerce is determined to increase the export of Thai rice to Mexico by 10,000 tons before the end of this year.

Domestic paddy prices have increased by 12 percent as the winter-spring crop in the Cuu Long (Mekong) Delta is ready to be harvested.