VFA hikes rice export target on strong demand Business

VFA hikes rice export target on strong demand

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.
Trade deficit reaches 3 billion USD Business

Trade deficit reaches 3 billion USD

The total merchandise export turnover was recorded at 63.2 billion USD in the first five months of this year, an increase of 7.3 percent over last year's figure.

Meanwhile, the total import turnover reached 66.2 billion USD, recording an increase of 15.8 percent from last year.
Business

VFA downgrades rice export target

The Vietnam Food Association (VFA) readjusted the rice export target for 2013 from 7.5 million tonnes to 6.7 million, reflecting four months of decreased exports.
World

Thailand delays putting rice on futures exchange

The Government of Thailand has decided to hold off on a plan to sell 300,000 tonnes of stockpiled rice through the Agricultural Futures Exchange of Thailand (AFET) and suspend rice auctions.