26.7 C
Ho Chi Minh City
Friday, July 19, 2024



rice farmers

Rice export: To boost, or not to boost

Amidst the current landscape, every choice regarding rice export bears weight on the local rice market and the livelihoods of rice farmers. The pivotal question: should Vietnam rev up or scale back rice export in the rest of the year? Following India’s embargo on common white rice exports, both Russia and the United Arab Emirates have also suspended outbound rice shipments. As a result, nations reliant on rice imports have increased their orders, driving up Vietnam’s rice export prices. Thoughtful deliberation During a conference on rice export management held in Can Tho City on August 4, the Ministry of Industry and Trade presented a report. They highlighted that, as of August 1, the average price of Vietnamese 5% broken rice had surged past US$590 per ton. That was the highest price in 11 years, with projections of further ascent. This surge also translated to higher paddy prices within Vietnam, generating excitement among farmers. The General Statistics Office’s figures revealed that by the end of July, Vietnam had exported 4.83 million tons of rice valued at US$2.58 billion. This reflected an 18.7% increase in volume and a 29.6% uptick in value compared to the same period last year. In the face […]
To read more, please click here.

Vietnam leads rice exports, yet farmers still struggle

HCMC – Vietnamese rice farmers are still grappling with poverty even though the country is one of the world's largest rice exporters, Agriculture and...

Vietnam to have PPP commodity-based group for rice

HCMC - Vietnam has promoted agricultural modernization and investment via a public-private partnership (PPP) commodity-based working group. The Ministry of Agriculture and Rural Development announced...

Building a national brand for rice

At wet markets, consumers can find varieties of rice stored in bowls and baskets from age-old brands such as Nang Thom Cho Dao, Huong...

Latest news