January 9, 2012
Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very cheap prices, an industry official said. Rice prices are likely to fall as major exporters have stockpiled a large amount of the grain, Pham Van [...]
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December 12, 2011
Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter. Shipments totaled 6.84 million metric tons in the year through Dec. 8, the Vietnam Food Association said today. That’s more than the 6.75 million tons [...]
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August 8, 2011
Vietnam shipped 4.61 million tons of rice during the first seven months. Vietnam’s rice exports rose 26 percent year-on-year in the first seven months as importers looked for new suppliers in anticipation that Thailand will raise its prices, industry insiders say. According to the Vietnam Food Association, the country shipped 4.61 million tons of rice [...]
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December 2, 2009
LookAtVietnam – On November 28, the first rice ‘trading floor’ in Vietnam made its debut. Can it succeed where many such ventures have failed? The rice exchange is an effort backed by the Vietnam Food Association to increase farmers’ income by cutting out the middlemen and making prices transparent. “We’re going to help farmers connect [...]
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November 18, 2009
LookAtVietnam – MOIT Minister Vu Huy Hoang said he has “no information” about charges that Vinafood 2 sold rice for less than the posted export price. The charges have been widely reported by Vietnamese papers, which have suggested abuse of power by the food exporting giant. Minister of Agriculture and Rural Development Cao Duc Phat said he [...]
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November 2, 2009
LookAtVietnam – Many firms in Vietnam will not be allowed to continue exporting rice under a new decree that takes effect next year, industry insiders say.Under a decree drafted by the Ministry of Industry and Trade, local rice exporters will have to meet many requirements before being allowed to ship rice abroad.For instance, they must [...]
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November 1, 2009
Many firms in Vietnam will not be allowed to continue exporting rice under a new decree that takes effect next year, industry insiders say. Under a decree drafted by the Ministry of Industry and Trade, local rice exporters will have to meet many requirements before being allowed to ship rice abroad.For instance, they must have [...]
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November 1, 2009
Vietnam, the worldâs second-biggest rice exporter, is likely to start inter-government discussions with the Philippines to supply 1.5 million tons of rice for 2010 after a Manila tender on Nov. 4. âWe are in a position to supply rice to the Philippines. We will give priority to supply to the Philippines 1.5 million tons, subject [...]
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October 8, 2009
LookAtVietnam – It’s being asked why Vietnam Food Association allowed state-owned Vinafood 2 to sell rice for less than the export floor price. [Tien Phong, a Hanoi newspaper, has been investigating the tight relationship between the Vietnam Food Association (VFA) and two large state corporations, Vinafood 1 and Vinafood 2.] The Vietnam Food Association (VFA) manages [...]
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October 7, 2009
LookAtVietnam – Two experts point out unfair profit distribution in the rice production chain, attributing it to preferential rights granted to state-owned food corporations. Profit from privileges In 2008, the Northern Foods Corporation earned 2.4 trillion dong ($1.3 billion) after taxes, while its counterpart in Saigon, the Southern Foods Corporation, earned just short of two trillion. [...]
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