The rice export volume has declined this fiscal year due to flooding and a slowdown in demand from China, rice traders said. The rice export volume for the 2016-17 fiscal year is expected to reach 1 million tons, which is less than the 2015-16 export volume of 1.3 million tons, said U Ye Min Aung,… Read More »
China has agreed to purchase 20,000 tons of organic rice a year from Laos, Lao Prime Minister Thongloun Sisoulith told local authorities in the southern Champassak province. Laos will need to deliver 20,000 tons of genuine organic rice to China and the shipment must not contain non-organic rice, Thongloun was quoted by the state-run Vientiane… Read More »
The Ministry of Industry and Trade (MOIT) has signed a decision to eliminate the regulation which placed a barrier on rice exporters in the last few years. Pham Minh Thien, director of Dong Thap-based Co May Private Enterprise, contacted his legal department to ask about the new decision made by MOIT soon after hearing about… Read More »
Increased private sector investment in agriculture is helping to modernise a sector that the government has named as a priority for development because of its crucial role in the economy, the Nikkei Asian Review said last week. The investment includes the country’s biggest rice mill, being built by Myanmar Agribusiness Public Corporation to boost exports… Read More »
Shipments from Vietnam last year hit the lowest level since 2009. Now experts warn market trends are not favorable. Abundant global supplies, potentially slow trade and increased competition are putting more pressure on Vietnamese rice exporters, who just finished 2016 on a sour note. Vietnam’s rice shipments last year fell 25.8 percent to 4.9 million… Read More »
Prime Minister Prayut Chan-o-cha wants all existing state rice stocks to be disposed of within this year. Wiboonlasana Ruamraksa, permanent secretary for commerce, said Gen Prayut, who chaired the national rice policy committee’s meeting yesterday, has ordered officials handling state rice sales to clear the entire 8 million tonnes of rice in the stockpiles within… Read More »
Rice farmers are enduring hard times because production costs have exceeded the return on months of hard toil, with prices at their lowest levels since 2012. FALLING RICE prices have brought misery for many of the farmers who comprise about two-thirds of Myanmar’s population. Months of hard toil have produced a bitter harvest of financial… Read More »
Cambodian Rice Bank (CRB) plans to invest about $10 million in building a rice silo and a drying kiln in Battambang province, state news agency AKP reported Thursday. Bank chairman Phou Poy said his company would invest about $10 million in the sector this year to tackle lack of grain silos and kilns. “This project… Read More »
The National Food Authority (NFA) said it has approved the request of 210 traders to import rice, which would come in at a higher duty under the minimum access volume (MAV) scheme. As of December 21, 2016, the NFA has allowed 210 farmers’ organizations and private firms to import 692,340 metric tons (MT) of rice,… Read More »
Dec 28 Rice markets in the world’s biggest exporters of the grain saw barely any deals amid Christmas and New Year holidays, traders said on Wednesday. Prices in Vietnam, the world’s third-biggest rice exporter, were little changed from last week, with Vietnam quoting 5-percent broken rice RI-VNBKN5-P1 at $335-$345 a tonne, FOB basis, compared with… Read More »