Export prices of rice climb

Export prices of rice climb

According to the Vietnam Food Association (VFA), Vietnam's 5-percent broken rice is currently sold at US$433-US$437 per ton, up $40 per ton compared to mid-August this year.
SBV requests banks to ensure capital for temporary stockpiling of paddy

SBV requests banks to ensure capital for temporary stockpiling of paddy

The Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, on August 10, sent an official dispatch requesting commercial banks to fully and timely meet capital needs and expand the credit limit granted to traders and enterprises so that they have enough capital to purchase paddy for temporary stockpiling and improve the area and quality of warehouses, preservation, and processing of paddy and rice, contributing to minimizing traffic congestion and the current paddy backlog in the Mekong Delta.
Export prices of rice fall, causing anxiety to many enterprises

Export prices of rice fall, causing anxiety to many enterprises

The export prices of Vietnamese rice are declining due to the pressure from those of Pakistan and India. Currently, the prices of 5-percent broken rice are only US$488-US$492 per ton, down about $25 per ton compared to that in February this year.
Rice harvesting in the Mekong Delta. (Photo: SGGP)

Ministry urges enterprises to complete procedures to export fragrant rice to EU

The EU has raised the quota of rice imports from Vietnam from 50,000 tons to 80,000 tons per year. Of which, the additional 30,000 tons of rice is fragrant rice from the Mekong Delta, which will receive a tariff wild card, and according to the schedule, its import tariff will be at zero percent within the next 3-5 years.
Golden time to promote Vietnamese rice brand

Golden time to promote Vietnamese rice brand

According to rice experts, after winning the World’s Best Rice award, Vietnamese rice has resonated in the global market. If the country rapidly expands the production of ST25 rice with a safe cultivation process, this will be the golden time for Vietnam to advertise the Vietnamese rice brand.
Large-scale rice field in the Mekong Delta. (Photo: SGGP)

Opportunities for Vietnamese rice

Entering August, the export prices of rice in Thailand and India both increased. However, Vietnam is the country seeing bright colors in rice exports. According to rice experts, with increasing rice export volume and value, Vietnam will pass Thailand to become the world’s largest rice exporter this year. The current matter is to build and solidify the Vietnamese rice brand in the market.