The Southern Food Corporation (Vinafood 2) has signed a contract to export 300,000 tonnes of five-percent broken rice to Malaysia, with the delivery beginning in March 2012.

Earlier, Vinafood 2 contracted to ship 300,000 tonnes of rice to Indonesia, said the Vietnam Food Association (VFA).

This is a positive sign for rice exports in the Mekong delta region in the 2011-2012 winter-spring rice.

Vietnam’s rice output in 2011 is estimated to exceed 41.5 million tonnes.

VFA pledged to consume all commodity rice and ensure that farmers will enjoy a profit of at least 30 percent./.