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Rice export volume will be more than 4.5 million tonnes
According to preliminary statistics from the Ministry of Agriculture and Rural Development (MARD), this year’s rice output is estimated to reach around 37 million tonnes, one million tonnes more than last year.
Northern provinces are harvesting winter-spring crops with an estimated output of 6.2-6.4 million tonnes. The Mekong Delta region also had bumper winter-spring crops and its farmers are harvesting early summer-autumn crops. They have harvested around 130,000ha out of 400,000ha summer-autumn crops with an average productivity of 5-5.5 tonnes per hectare and even 6 tonnes per hectare in some regions.
With the estimated rice output, after balancing domestic demands and the national reserve, the rice volume for exports will be more than 4.5 million tonnes.
Based on signed export contracts, Vietnam will export around 2.2-2.3 million tonnes of rice by the end of this month. Therefore, according to the Prime Minister’s direction permitting the signing of rice export contracts amounting to 3.5 million tonnes by the end of the third quarter, businesses will buy around 1.2-1.3 million tonnes of rice for export.
Secretary General of the Vietnamese Food Association (Vietfood) Nguyen Thi Nguyet said that businesses have signed new export contracts, bringing the total rice export volume to 3.5 million tonnes. All new rice exports will be delivered in next three months (July to September).
According to Vietfood, rice prices on the world market are falling sharply because export and import countries are harvesting their crops with increasing yields. However, Vietnamese rice exports still enjoy favourable conditions thanks to increasing demand for rice on the world market. The Food and Agriculture Organization (FAO) has forecast that rice prices will continue to rise to hit a record high in 2009.
VOV
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