Sign up | Log in



Home  >>   Daily News  >>   Vietnam   News  >>   Agriculture  >>   Rice reserves adequate in Vietnam
NEWS UPDATES 6 September 2010

Rice reserves adequate in Vietnam

Related Stories

July 16, 2010
Viet dairy sector attracts investors

July 5, 2010
Thailand and Vietnam rice hit by drought

October 1, 2009
IPR: Thailand looks into new ‘Jazzman’ rice developed in US

February 15, 2009
Thailand to ask Vietnam to help stabilise rice prices 

July 17, 2008
WTO: Thailand, India win shrimp cases

Despite an increase in rice exports in the past two months, Viet Nam still has an adequate reserve of rice for export until the year-end.

In August, Viet Nam exported 813,000 tonnes of rice, attaining a turnover of US$320 million, much higher than 460,000 tonnes exported in August last year.

The figures were released at a recent meeting held by the Ministry of Industry and Trade (MIT) and the Ministry of Agriculture and Rural Development (MARD) in HCM City last week.

MIT Deputy Minister Nguyen Thanh Bien said at the meeting that at this current rate, Viet Nam would not face any shortages of rice for export.

However, the sharp increase in rice prices on the world market had affected rice prices in the local market, Bien told representatives of provincial authorities from the Cuu Long (Mekong) Delta and the Viet Nam Food Association (VFA).

The MIT said in August of this year, rice prices rose by US$50 per tonne on the world market. Viet Nam has signed contracts to export 6.2 million tonnes of rice this year and as of August 25, more than 4.75 million tonnes of rice had been shipped to overseas markets, an increase of 8.9 per cent compared with the same period last year.

The country earned more than $2 billion from exporting rice in the first eight months of 2010. The volume of exported rice from Viet Nam in September could be as high as the figure in August. According to MARD, the Cuu Long (Mekong) Delta produces 21.3 million tonnes of paddy annually, and by the end of August this year, 16.2 million tonnes of paddy had been harvested.

The remaining 5.1 million tonnes of paddy or 3 million tonnes of rice will be harvested between September 2010 and January 2011.

MARD said some 1.8 million tonnes of rice will be reserved for local consumption and the remaining 1.2 million tonnes of rice will be available for export.

The next winter-spring crop will be harvested in early February.

Meanwhile, VFA has set floor prices of about $450 per tonne of 5 per cent broken rice and $410 per tonne of 25 per cent broken rice.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand