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Update news thai rice
Since May this year, Vietnam’s rice export activities have returned to normal, with the month recording the highest rice export price seen in recent years and paving the way for the country to outpace Thailand in global rice exports in 2020.
VietNamNet Bridge – Viet Nam will have various advantages in exporting rice this year though it may have to compete with Thai rice in the global export market when Thailand sells rice at stock.
VNPT to sell all shares of MSB, Indonesia to buy Vietnamese, Thai rice, Southern Bank to be merged into Sacombank in Oct, Nine month export turnover nears US$230 billion, AuchanSuper plans two retail stores by year-end
Hai Quan newspaper has quoted foreign sources who say that Thailand will sell both newly harvested and inventoried rice at low prices. This will create challenges for Vietnam, which competes with other rice exporters by offering low prices.
Reviewing the effectiveness of rice exports and solutions to improve the position and role of farmers is the subject in the recent research "Structure of the rice industry and the interests of small producers" by the Agricultural Alliance.
VietNamNet Bridge – Vietnam hopes the rice price in the world market will increase as Thailand has asked its farmers to stop selling rice in anticipation of a price hike.
VietNamNet Bridge – China, has decided to cancel the contract on importing 1.2 million tons of rice from Thailand. Vietnamese hope they can be the alternative suppliers.