A major contributor, according to a spokesperson from the VFA, is how exporters leave themselves vulnerable to price fluctuations. Many exporters choose to sign contracts with foreign buyers first and look for supply later. Once prices surge in the domestic market,...
Following recent criticism of the Vietnam Food Association (VFA), the Ministry of Agriculture and Rural Development (MARD) has reduced the association’s power, with further plans to promote fairness in the rice export field.
The Vietnam Food Association (VFA) came under heavy criticism yesterday as economic experts voiced discontent with the association’s favouritism, lax business practises and overall incompetency in the rice export sector.
Viet Nam''s rice exports in 2018 are expected to increase by 400,000 tonnes from 2017’s number to reach 6 million tonnes, due to increased demand from Southeast Asia, especially from the Philippines, with China expected to be the country’s largest...
The Vietnamese rice market is expected to be stable in the third quarter of the year, chairman of the Vietnam Food Association (VFA) Huynh The Nang has said.
State and local rice firms should pay attention to developing domestic rice markets, as they have a great potential in the overall selling of rice, said experts.
Some Singaporean firms have expressed their interest in Vietnamese
rice, especially jasmine rice, and affirmed to continue importing the
rice, reported Nguyen Hung Linh, chairman of Vietnam Food Association.
Viet Nam''s rice export will reach 1.8 million tonnes in the fourth
quarter this year, 128,000 tonnes lower than planned due to an export
decrease in September.