The Law page of Ho Chi Minh City quoted Mr. Nguyen Hung Linh, Chairman of Vietnam Food Association (VFA), said that recently, the markets switched to buying Vietnamese rice due to Thai political instability.
Mr. Linh also said that the Indonesian National Logistics Agency (BOLOG) is getting ready to import 500,000 tons of rice to meet domestic increasing demand. This year, Indonesia may have to import up to 1.5 million tons of rice, twice as higher than the equivalent level of 700,000 tons in 2013. Thailand and Vietnam are two exporters will have many opportunities to win bidding packages. This big.
Vietnam has just won an export contract of 200,000 tons of 5% broken rice to Malaysia this year. Export price is 410 USD/ton, using FOB method. This is the largest rice export contract since Vietnam signed a rice export contract to the Philippines earlier this year.
On June 26, the Philippine Government said it would import 200,000 tons of rice from Vietnam to add to the national reserve after signing a contract to buy 800,000 tons of April this year.
Vietnamese trade source
Representatives of the Vietnam Food Association (VFA) has said in its regular meeting on 02.10.2014, in HCMC, the Executive Committee agreed the decision VFA adjusted level of rice export floor price low to 365 USD / ton (FOB)
World crude oil prices during the session last night ( 12/2 ) has bounced back above 100 USD per barrel , after market received information that in January , China imported a record high crude oil continent .
Some provisions of the mechanism, financial policies for border-gate economic zone has been Prime Minister for signing.
While the shrimp exporters are trying to boost production to complete the order signed last year with term delivery, the market appears raw shrimp farmers anchor awaiting the price.
According to the data of the General Department of Customs, in 2013, the export of cassava and cassava products reached 3.1 million tons with a turnover of 1.1 billion USD, down 25.7% in volume and 18.6% in value. quota compared to 2012.
