Rice exports hit nearly US$1 billion

Since the start of this year, Vietnam has exported more than 2.1 million tonnes of rice, earning US$983 million, according to the Vietnam Food Association (VFA).

In the first week of May, Vietnamese businesses shipped 132,409 tonnes of rice, earning US$59.1 million.

The VFA vice chairman Pham Van Bay said that the total amount of rice under contracts sighed by the end of April reached 4 million tonnes, up 13 percent from a year earlier.

Mr Bay added that there is no reason for some businesses to complain that they are suffering from losses due to low export prices and high domestic prices. Over the past four months, export prices have been gradually falling but they already signed their export contracts, Mr Bay said.

vov

>   Vietnamese pepper, still world number one, needs revamping (11/05/2010)

>   Australian mining firms seek business opportunities (11/05/2010)

>   Shoe exporters face obstacles (11/05/2010)

>   PM pays working visit to Nam Dinh (11/05/2010)

>   Vietnam, Egypt sign fishing, aquaculture agreement (11/05/2010)

>   GE Energy rolls out first wind turbine generators in VN (11/05/2010)

>   Chinese contractors provide equipment for Vung Ang power plant (11/05/2010)

>   Businesses jaded by “one-stop shopping” registration (11/05/2010)

>   Garment paradox: The more exported, the bigger the loss (11/05/2010)

>   Petroleum distributors can’t cut prices (11/05/2010)