VietNamNet Bridge – Signs indicate that the world’s rice market is expected to change and that Vietnam will be able to sell rice at higher prices, experts say.

China, with 1.4 billion people, may lack food in the near future, which could give Vietnam an opportunity to gain superiority in rice exports. But recent tensions in the East Sea have raised concerns that Vietnamese rice sales are in danger.

 VietNamNet Bridge – Economists have called the low bids offered by Vinafood 1 and Vinafood 2 to provide 800,000 tons of rice to the Philippines a “blunder” because it has led to the perception that Vietnamese rice is “cheap”.

 VietNamNet Bridge – If there was any celebration last month when Vietnam beat its rivals – with an exceptionally low bid – for a deal to export rice to the Philippines, the hangover may kicking in right about now.

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 The Philippines' National Food Authority (NFA) has awarded the supply contract for 800,000 tonnes of rice this year to two Vietnamese state firms, local media reported.

 VietNamNet Bridge – Vietnam’s agreement to provide 800,000 tons of rice to the Philippines will help raise the domestic price of the product, which should allow farmers to make higher profits, and help regain the Chinese market.

 VietNamNet Bridge – Vietnamese exporters have won the bid to provide 800,000 tons of rice to the Philippines, thanks to low bids.

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 VietNamNet Bridge – How would Vietnam behave towards the Chinese market in continuing to export rice to China to clear the big stocks, or stop the export in anticipation of high risks?

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 VietNamNet Bridge – The rice exports to the US now only account for 10 percent of Vietnam’s total rice exports. However, the figure is believed to increase sharply once the Trans Pacific Partnership Agreement (TPP) is inked.

 VietNamNet Bridge – Vietnam, which could easily obtain the contracts on exporting rice in large quantities two or three years ago, now has to struggle hard to scramble for the right to export every ton of rice.

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While the General Department of Customs reported sharp fall in the rice export turnover in January-September of 2013, the Vietnam Food Association said Vietnam has no more rice to export.