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Update news rice export turnover
Vietnam has become one of the world’s biggest rice exporters with revenue of several billions of dollars each year. As its rice varieties have outstanding features, they are being used by Thai and Cambodian growers.
VietNamNet Bridge - As predicted, importers have tried to lower Vietnam’s rice price after the Chinese government’s devaluation of the yuan.
VietNamNet Bridge - If Vietnam decided to cooperate with Thailand instead of competing fiercely, both of the countries would be able to sell rice at good prices instead of prices the Philippines wants.
VietNamNet Bridge - Rice exporters say the “bad crop” in the first quarter of 2015 was the worst sales season ever, but the Ministry of Industry and Trade (MOIT) said the difficulties had been anticipated.
VietNamNet Bridge - Watchdog agencies are drafting a farm-produce export development strategy, planning to tighten control over cross-border rice exports to minimize risks for Vietnamese exporters.