Programming new operating system for rice export

Many commented that the time has come for the Government to take strong measures to promote the market and promote the export of rice. However, instead of tightening or loosening the conditions of rice export business, Vietnam needs to program a new operating system to reboot the entire system when entering into this important business. Still inadequate It can not be denied that, for a long time, Decree 109/2010 / ND-CP on rice export business has helped improve the situation…

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Export of fiber, weaving yarn regain growth momentum

Preliminary statistics from the GDVC in Vietnam, May 5, 1974, Vietnam’s textile and fiber exports gained momentum, up 5.8% in volume and 5.6% in value. In 4/2017, the export volume of textile fibers exported in the first five months of 2017 to 514 thousand tons, worth USD 1.3 billion, increased by 17.8 thousand tons, worth USD 303.7 million. % In volume and up 27.6% in value over the same period of 2016. Vietnam’s textile fibers and yarns have been exported…

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Bangladesh will reduce import taxes on rice

The news in the Ministry of Commerce said rice prices in Bangladesh in May hit a historic high after floods damaged crop and national rice stocks to their lowest levels in 10 years. “We have decided to reduce the import tax on rice to 10% from the current 28%,” Trade Minister Tofail Ahmed said. According to the ministry’s calculations, rice prices will drop 6 taka / kg after tax reduction. High demand in Bangladesh, the world’s biggest rice producer, has…

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Domestic coffee prices are forecast to increase

Domestic coffee market: The decision to stock or sell is still difficult. Domestic coffee prices have increased to VND46 million per tonne. However, many exporters still find it difficult to sign new export contracts. There are two reasons to believe that is true. One is that the quality of coffee is very erratic, the rate of black broken about 10% is floating in the domestic market due to rain gradually at the time of harvest. When buyers pay high prices,…

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Export of rice to the European market increased sharply

According to preliminary statistics of the General Department of Customs, the country exported nearly 2.4 million tons of rice in the first five months of 2017, worth nearly 1.1 billion dollars (up 1.1% in volume and A slight increase of 0.2% in turnover over the first five months of 2016. Rice exports to China, the leading market for rice consumption in Vietnam, have achieved good growth in the first five months of this year, up 33.6% in volume and 31%…

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Russia’s wheat exports in 2017-201818 will hit a record high

Russian wheat exports in 2017/18 will reach 28.8 million tons; Export of wheat from Ukraine will reach 14.6 million tons; Export of wheat from Kazakhstan will reach 7 million tons. High stockpiles, which pushed Russian wheat exports to record levels in the 2017/18 marketing year, despite declining production in the region. This pushed exports from Ukraine decline. In general, exports from Russia, Ukraine and Kazakhstan are forecast to fall 3.3% to 50.4 million tons in the next crop, starting July…

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Price of agricultural products dancing on the world market

In the middle of June, the world agricultural market fluctuated sharply. Whilst prices for rice, wheat and robusta continued to rise, sugar and pepper hit new low records. Particularly, the price of rubber is struggling due to impacts from contrary factors. Rice prices continue to rise rapidly Rice export prices in Asia this week continue to increase due to strong demand from key importing markets such as Bangladesh and the Philippines. Thai 5% broken rice was at $ 450-457 per…

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Asian Coffee: Indonesia’s recession level is stable, Vietnam market is quiet

The Indonesian coffee recession was stable amid fluctuations in supplies this week, while the Vietnamese market was quiet despite rising prices. One trader in Lampung said that Indonesian robusta coffee grade 4, 80% defective grade was offered at a discount of $ 30 per tonne compared to the July contract on ICE, unchanged from last week, in The context of abundant supply when the harvest season peaked. In Vietnam, the world’s leading robusta coffee producer, grade 2 coffee with 5%…

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Vinafood 2 will supply the first 250,000 tons of rice to Bangladesh

After the June 14 meeting, Bangladesh Food Minister Mostafizur Rahman announced details of plans to import 250,000 tonnes of rice from Vietnam. Specifically, Bangladesh will buy 50,000 tonnes of rice at $ 470 / tonne and 200,000 tonne of white rice at $ 430 / tonne from Vietnam. Accordingly, the total value of this deal is nearly $ 101 million, Rahman said. The price is $ 50-90 / tonne higher than last month, and it is also higher than the…

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Rice exports: Small businesses look forward to “unbind”

The Ministry of Industry and Commerce is proposing to the Government a new decree replacing Decree 109/2010 / ND-CP on rice export business which is expected to take effect from January 1, Expect to “unbind” the business community of rice exports, especially small and medium enterprises. According to the draft amendments and supplements to some articles of Decree 109/2010 / ND-CP, enterprises are free to export rice without restricting the quantity and supplementation of regulations on commodities. Organic rice, rice,…

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