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Vietnam Business » Vietnam Import Export News » Vietnam rice exports reach 6.5 million tonnes in 2010

Vietnam rice exports reach 6.5 million tonnes in 2010

In July, the companies have signed contracts to export around 795 000 tonnes. In early August has all the contracts for the export more than 6.2 million tonnes, almost 60 percent of those commercial contracts are reached.

Vietnam exported around 1.3 million tonnes of rice exported in the second half of this year, bringing the total this year to 6.5 million tons, according to the Vietnam Food Association (VFA). In July, the companies have signed contracts to export around 795 000 tonnes. In early August has all the contracts for the export more than 6.2 million tonnes, almost 60 percent of those commercial contracts are reached. Buying rice for the purpose of the temporary material is by the end of the 15th September ends when were 48 percent of the cultivated area in the Mekong Delta harvested. According to exporters, the price of rice on the world market is low, but now, thanks to rising domestic prices, has increased export prices of Vietnamese rice U.S. $ 375 per tonne. Truong Thanh Phong VFA chairman says stocks of the farmers is limited so businesses should be actively involved in the purchase of rice to curb prices. Most countries require that failures of crops by floods and droughts to face, so that everyone expects a rising demand for imported rice.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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