The Philippine National Food Agency (NFA) has ordered 800,000 tons of rice from two Vietnamese exporters, the most buying volume in 3 years, to fill the storage. Rice increased, and 5% broken rice of Vietnam on 30/4 offered 385-395 USD/ton, almost unchanged compared to 390-395 USD/ton a week earlier. Big enough to support prices, especially when the demand is generally weak, Thailand actively sells rice reserves to the market, ”said a businessman in Bangkok. Government actively sells rice reserves. And now the 5% broken rice is cheaper than Vietnamese rice, only 378-380 USD/ton, down compared to 390-400 USD/ton a week ago.

However, the price of Thai rice decreases to attract African customers, they have ordered 10,000 tons of 5% broken rice at 418 USD/ton, the term delivered in June. Asia will be reduced further because the Government intends to continue to release the reserve to pay for the people's rice debt. every month.

Regarding relevant information, rice export through Vietnam's quotas continues to be favorable. The Vietnam Food Association (VFA) recently said that from the beginning of the year to April 24, 2014, Vietnam has exported about 1.6 million tons of rice, worth more than 687 million USD. In April 2014, the export volume of rice in the first four months of 2014 reached over 2 million tons with 931 million USD.

The VFA representative said that the price of exported rice was on average about 460 USD/ton, nearly 33 USD/ton higher than the average export price in March 2014. Most notably, the Philippines market has a sudden growth in the first three months of the year with an increase of six times in volume and seven times the value compared to the same period in 2013. With this growth, the Philippines reached out. to the second ranking in Vietnam's rice import market, accounting for 27% of the market share (firstly the Chinese market with 38.37% of the market share), followed by Ghana, Singapore, accounting for a market share time. 5% and 4%

Source: http://tinthuongmai.vn/