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Update news rice exporter
“Many people call Resolution 120 the ‘golden resolution’. For me, the resolution removes the obstacles that strangled farmers, helping them have a better life,” said Prof Vo Tong Xuan, a respected agriculture expert in Vietnam.
Officials from provinces and cities in the Mekong Delta – the country’s rice granary - and rice exporters have urged the government to resume rice exports without setting limits, saying many firms face difficulties because of this.
Vietnam is famous as one of the world's biggest rice exporters, but its export price is low.
VietNamNet Bridge - Vietnam is still gathering strength on rice production, taking pride as the biggest rice exporter in the world.
VietNamNet Bridge - Instead of buying Vietnam’s rice at just VND10,000 per kilo, Vietnamese are willing to pay higher to buy rice from Thailand or Japan.
VietNamNet Bridge - Vietnam has been warned that it would be outstripped by Thailand and Cambodia in rice exports if it cannot change the current production and export policies.
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When the domestic rice price goes up, export companies immediately cancel the export contracts signed with foreign partners before to avoid loss. However, even when the export price goes down, they cannot get new orders.