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Claims of rice sale to Indonesia refuted
Vice Chairman of the Viet Nam Food Association (VFA) Pham Van Bay has denied a rumour that the Indonesian National Logistics Agency(Bulog) had signed a contract to import an additional 700,000 tonnes of rice from Viet Nam.
Bay said that in the last six months, Indonesia had bought 900,000 tonnes of rice from Viet Nam, bringing the total amount of Vietnamese rice exported to Indonesia to 1,750 million tonnes. About 520,000 tonnes of this has not yet been delivered.
Indonesia is now taking the lead in buying Vietnamese rice. According to some rice exporters, in a volatile rice market, wrong information about Indonesia importing 700,000 tonnes of rice could affect the domestic market.
Earlier, inaccurate information about the domestic rice market caused apprehension for rice exporters.
To stabilise the domestic rice market, the VFA required businesses in the Mekong (Cuu Long) Delta to sell rice 15 per cent cheaper than the market price.
In HCM City, the HCM City People's Committee has asked exporters to stabilise rice price at 10 per cent cheaper than the market price. However, the VFA has proposed a 10-15 per cent reduction on domestic rice prices depending on the needs of each area.
According to the VFA, in the last nine months, Viet Nam had record exports of 5.8 million tonnes of various kinds of rice, earning a revenue of US$2.8 billion, an increase of 9 per cent in volume and 24 per cent in value over the same period last year.
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