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NEWS UPDATES Asean Affairs     04 January 2011

Rice exports likely to decline

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Rice exports may fall to 5.5 million tonnes this year, down from 6.8 million tonnes last year, the Viet Nam Food Association (VFA) estimates.

Pham Van Bay, VFA deputy chairman, said the decrease in rice exports would probably result from the low reserve volume of 800,000 tonnes of rice transferred from last year to 2011.This volume was much lower than the 1.4 million tonnes carried over from 2009.

Only 500,000 tonnes would be delivered in the early part of this year against 2.5 million tonnes delivered during the same period last year, Bay said.

Prices of the winter-spring crop would also rise because of higher production costs caused by fertiliser price hikes as well as the incidence of pests and diseases, he said.

Meanwhile, VFA members would purchase 1 million tonnes of rice in this winter-spring crop and 1 million tonnes of rice in the summer-autumn crop. This temporary stock would help stabilise the rice price, Bay said.

Last year, Viet Nam exported 6.8 million tonnes of rice worth US$3.23 billion, a record high export volume, according to the VFA.

In 2010, the average export price of Vietnamese increased by $22 per tonne to $511 for five-percent broken rice. For 25-percent broken rice, the price was $491.


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ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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