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Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank. In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development. Global demand was lower since inventories…
The Ministry of Industry and Trade is drafting a decree on rice trade to limit the import of low-quality grain. The volume of low-grade rice imported from India has surged due to low vietnaprices and zero import tax under the ASEAN-India Free Trade Area,…
Vietnamese 5% broken rice, which usually costs less than its Thai peers in export markets, raced past them in October to reach record levels. It fetched $425-430 per ton, $48-51, and $18-25 higher than similar varieties from India and Thailand, according to…
Vietnam’s rice exports in the January-October period are estimated to have risen about 17.2% from a year earlier to 6.07 million tonnes, government data showed on Saturday. Revenue from rice exports in the period is seen up 7.4% to $2.7 billion. October rice…
Vietnam’s ST24 and ST25 rice varieties, the latter the World’s Best Rice award winner not long ago, have obtained trademarks in Australia. The ‘Gao Ong Cua Viet Nam’ trademark has been registered by Ho Quang Tri Private Enterprise, a company owned by the son…
Bangladesh is finalizing deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday. Soaring prices of the staple grain…
Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development. But earnings were only 9 percent higher at US$2 billion since global rice prices have fallen by…
Vietnam’s rice firms are having to lower their profit plans and targets this year as input costs rice and demand falls. Prior to the annual meeting of its shareholders, the Trung An Hi-tech Farming JSC adjusted profits down to VND100 billion ($4.3 million),…
Average rice export prices fell for a second straight month to US$415-420 a ton, resulting in a marginal year-on-year decline in revenues for Vietnam despite higher volumes. The country exported 2.86 million tons for $1.39 billion in the year to date, up 10.3…
Average rice export prices dipped by 10.6 percent in the first quarter, resulting in a 6-percent decline in revenues. Vietnam exported 2.05 million tons of rice for US$1 billion, up 4.4 percent in volume but prices fell to $386.2 a ton due to abundant supply,…
Vietnam’s rice exports surged 2.6 times year-on-year to over US$553,000 in Q1, according to Vietnam Customs. The grain was one of Vietnam’s few exports to Russia that increased in the first quarter as the Russia-Ukraine crisis impacted other suppliers. It was…
The prices for Vietnamese 5 percent broken rice rose to $420 per ton late March, the highest in the past 3.5 months. Vietnam exported 1.48 million tons of rice worth $715 million in the first three months this year, up 24 percent in volume and 10.5 percent in…
Major rice producers and exporters saw their after-tax profits last year increase around 15 percent against the previous year thanks to stronger domestic and overseas sales with higher export prices. Loc Troi Group JSC reaped the biggest-ever revenues of over…
Rice exporters will have their licenses canceled if they fail to ship for a long time. Out of 205 businesses with export licenses, 39 have not exported the grain since December 2019. The Ministry of Industry and Trade said: “Many traders have no rice market…
Vietnam’s coffee exports in the first 11 months of this year are expected to show a 4.4 percent drop from a year earlier to 1.36 million tonnes, while rice exports will likely post a 0.8 percent increase, government data released on Monday showed. Coffee…
Mars Food Australia has revealed the new brand identity for Ben’s Original ready-to-heat rice products, following the retirement of the Uncle Ben’s brand. The new packaging features the same orange background and navy-blue font. The rice products are…
