Vietnam has signed contracts to export around 6.4 million tonnes of rice so far this year, compared with its annual projection of 6.3 million tonnes, according to the Vietnam Food Association, the Vietnam Economic Times newspaper reports. Continue reading
Thailand issued a tender a to sell about 140,000 tons rice in mid-September, but manage to sell about only 70,000 tons rice, according to Reuters. Continue reading
Net rice sales of 46,400 MT for 2014-2015 were up 51 percent from the previous week and 5 percent from the prior four-week average, according to Friday’s Export Sales Highlights report. Increases were reported for El Salvador (12,000 MT), Japan (12,000 MT), Honduras (9,400 MT, including 8,400 MT switched from unknown destinations), Saudi Arabia (8,600 MT) and South Korea (6,100 MT). Decreases were reported for unknown destinations (8,400 MT), Haiti (600 MT) and Guatemala (100 MT). Continue reading
With basmati growers complaining of fetching “lower” rates this season, the Punjab government today attributed prevailing “lesser” rates of basmati variety to “softening” of export prices in the international market. Continue reading
Asia rice sellers kept their quotes mostly unchanged today.
Thailand 5% rice is quoted about $435 – $445 per ton, about a $5 per ton discount to Vietnam 5% rice shown about $440 – $450 per ton.
Vietnam is expected to earn 22.66 billion US dollars from agro-forestry-fishery exports in the first nine months of 2014, up 11.4 percent year-on-year, according to a report by Vietnam’s Ministry of Agriculture and Rural Development (MARD).
Local daily Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times or VET) quoted the report as saying that in September alone, Vietnam’s farm export revenue is estimated to hit 2.76 billion US dollars. Continue reading
Legal rice exports to China took a step closer to becoming reality last week, as Chinese and Myanmar officials inked an agreement as part of a move to ensure rice quality.
Two years ago China was a small–scale buyer of Myanmar rice, but it has transformed to become Myanmar’s largest rice export market, as border trade rose from a negligible amount in 2010-11 to 752,000 tonnes in 2012–13. Continue reading
Tender floated for import of rice from neighbouring Myanmar to Mizoram has been extended till Tuesday, state food, civil supplies and consumer affairs Secretary R. Lalvena today said.
India is calling for bidders from Myanmar in a rice tender for the northeastern corner of the country, the first such large request in years, according to rice dealers.
India has long been one of the world’s largest rice exporters and a frequent competitor with Myanmar in third-country markets, but a September 19 Reuters report said a plan to broaden a railway in the northeast requires temporary rice imports. Continue reading
Rice farmers recently asked for help from the government after a similar call from rubber growers in 16 southern provinces demanding intervention to arrest the seemingly unstoppable fall in rubber prices….
The rubber price has declined by more than 60% since it peaked in February, 2011. Last Friday, the Hat Yai and Surat Thani rubber markets quoted its price 45-46 baht per kilogramme.
The good old days, just a few years back — when rubber skyrocketed to more than 120 baht a kilogramme, boosting the economy in southern Thailand and encouraging many farmers to buy new pickup trucks on hire purchase — are gone. Continue reading