Vietnamplus

Though the prices of Vietnamese 5-percent broken white rice fell 20 USD per tonne in a week, most local rice exporters said the decline would make sales easier.

The Government of Bangladesh has approved three separate proposals to procure 350,000 tonnes of rice under the direct procurement method (DPM) from Vietnam, India and Thailand.

Fertiliser businesses have been predicted to flourish this year thanks to many positive supporting factors.

Vietnam’s rice exports by mid-September had declined 0.8 percent in volume but still grown 11.8 percent in value compared to the same period last year.

The Thai Rice Exporters Association on July 22 predicted that the country’s 2020 rice exports will drop to 6.5 million tonnes, the lowest volume in two decades, owing to drought and a strong baht currency.

Cambodia will lift a ban on the exports of fish, white rice and paddy rice to ensure local food security during the COVID-19 pandemic, according to a recent government’s statement released.

Rice exports may fall below 8 million tonnes for 2019, with this year's prospects still uncertain because of a slew of risk factors such as the continued strong baht, natural disasters and emerging new rice exporters like Myanmar and China, local media reported.

Thailand’s rice sector is enduring one of its most difficult periods as a strong baht has made its exports uncompetitive, said Chookiat Ophaswongse, Honorary President of the Thai Rice Exporters Association (TREA).​

Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market.

Two chemical compounds, Momilactone A and Momilactone B (MA and MB), that can prevent diabetes, obesity and gout through their ability to inhibit enzymes relating to the diseases, have been found in white rice grown in the central province of Quang Tri, scientists have announced.

Vietnam’s rice export has posted remarkable figures in the first half of 2018, and the sector expects business to get better as the country’s traditional rice market are increasing import.

The Thai government announced on September 1 that it will provide 2.2 billion USD in loans and handouts to farmers to stabilise prices of rice .

Bangladesh and Sri Lanka are negotiating an urgent purchase of about 400,000 tonnes of rice from Thailand to replenish their falling stocks which were caused by severe droughts and floods, according to Thai media.

The Thai Government announced on November 9 that the country has won a contract to supply 500,000 tonnes of rice to Indonesia for 8 billion THB (roughly 223 million USD).