Some Vietnamese rice export companies have won bids at prices lower than the export price on the world market, prompting questions about potential violations of the competition law.
Over the past four months, Việt Nam exported 3.23 million tonnes of rice, worth US$2.1 billion, up 12 per cent in volume and 37 per cent in value, according to the General Department of Customs.
Political conflicts and climate change, which caused rice demand and rice prices to increase in 2023, are continuing in 2024. Therefore, the need to import and reserve food in general and rice in particular is continuing to increase this year.
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,...
With stable and high demand for specialty rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Việt Nam, the Đầu Tư (Vietnam Investment Review) reported.
The trademark “Viet Nam Rice” has by now been protected in 22 foreign countries, the Ministry of Agriculture and Rural Development (MARD) reported, urging for the issuance of a legal document managing the use of the trademark.
Agriculture stocks are drawing attention from investors on expectations that the companies will hike exports to overseas markets on lack of supply and new trade agreements.
Officials from many localities in the Cuu Long (Mekong) Delta and rice exporters have urged the Government to resume rice exports without setting limits.
Many rice exporters were surprised and claiming for shortcomings because the export quota of 400,000 tonnes of rice in April ended quickly just in three hours.
Many rice exporters were surprised and claiming for shortcomings because the export quota of 400,000 tonnes of rice in April ended quickly just in three hours.
Since the novel coronavirus (Covid-2019) epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters.