Last week, a Thai official said that Thailand and Vietnam were considering forming a cartel in order to raise rice prices and increase farmer income.
Country says it can no longer be ‘rice first’ as it urges farmers in Mekong Delta to change planting techniques or consider alternatives.
The case of ST25 drives home how important it is for countries, particularly developing countries, to develop strong intellectual property protection schemes.
The Philippines is set to import a lot of rice from India at $100 cheaper per ton than Vietnamese rice as it diversifies its supply sources.
Vietnam has exported $1.01 billion worth of rice in the first four months of 2021, up 1.2 percent year-on-year, thanks to higher rice prices.
High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky…
Vietnam, the world’s second largest rice exporter, this month made a surprising move by starting to import the grain from India.
Vietnam, the world’s thirdbiggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters.
Vietnam assured it will deliver 400,000 metric tons of rice to the Philippines after it decided to resume exports to Southeast Asian countries starting May 1.
Vietnam will end rice export restrictions from the start of May, bringing closure to a month-long saga that sparked fears over food protectionism and caused global prices to spike.
Some 300,000 tons of rice are stuck at ports nationwide. Traders are refraining from new contracts over uncertainty
Vietnam has met just 4% of the reserves it needs for this year. Rice price surge mean traders lose money selling to government.
A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus.
Vietnam, the world’s third-largest rice exporter, has not yet lifted the ban on new rice export contracts, traders said on Monday, adding that they expect the government to remove the suspension this week and also impose a quota.
Vietnam’s General Department of State Reserves plans to have 190,000 tons of rice in storage by June 15 to ensure the country has enough food amid the novel coronavirus outbreak, the finance ministry said on its website.
Vietnam will continue to export rice amid the spread of the coronavirus, the vice chairman of the country’s food association said on Tuesday, countering earlier statements from local customs officials and media reports.