ID :
10785
Wed, 06/25/2008 - 14:10
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https://oananews.org//node/10785
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Bumper harvests allow nation to boost rice exports
Hanoi, June 25 (VNA) - With bumper rice harvests of both the winter-spring and early summer-autumn crops, rice exporters have rushed to sign contracts with foreign clients following the Prime Minister's recent guidelines.
The Ministry of Agriculture and Rural Development (MARD) has expected the rice output of the two harvests to reach 37 million tonnes, an increase of over 1 million tonnes over last year.
The on-going winter-spring harvest is likely to gather between 6.2 and 6.4 million tonnes for the northern region while farmers in the Mekong Delta are harvesting on 400,000 ha of early summer-autumn rice crops with an average yield of 5.5 tonnes per ha.
MARD said supplies have therefore been good enough for the nation to export over 4.5 million tonnes of rice after ensuring food security this year.
The Prime Minister on June 19 allowed enterprises to sign more contracts to export 3.5 million tonnes of rice for the first three quarters of the year or an additional of 1.2 - 1.3 million tonnes in the next three months.
Under the Prime Minister's guideline, rice businesses have instantly reached deals with foreign clients to increase exports. They said the shipments on the new contracts will be delivered between July and September.
Despite a decrease in rice prices in the world market due to bumper
harvests worldwide, the global demand gives no sign of relief, making
Vietnam still cash in on its exports at this moment, reported the Food Association.
The World Food and Agriculture Organisation (FAO) predicted that rice prices would continue to rise and hit a peak in 2009. The trend would abate and become stable during the 2010-17 period.
Deputy Minister of Industry and Trade Nguyen Thanh Bien said the ministry would consider a plan to ask for the Prime Minister's permission for more exports in the rest of the year.
He however added that the scheme would be considered only if the domestic food situation looks bright after the nation fulfils the target of 3.5 million tonnes of rice exports by the end of the third quarter.
The Ministry of Agriculture and Rural Development (MARD) has expected the rice output of the two harvests to reach 37 million tonnes, an increase of over 1 million tonnes over last year.
The on-going winter-spring harvest is likely to gather between 6.2 and 6.4 million tonnes for the northern region while farmers in the Mekong Delta are harvesting on 400,000 ha of early summer-autumn rice crops with an average yield of 5.5 tonnes per ha.
MARD said supplies have therefore been good enough for the nation to export over 4.5 million tonnes of rice after ensuring food security this year.
The Prime Minister on June 19 allowed enterprises to sign more contracts to export 3.5 million tonnes of rice for the first three quarters of the year or an additional of 1.2 - 1.3 million tonnes in the next three months.
Under the Prime Minister's guideline, rice businesses have instantly reached deals with foreign clients to increase exports. They said the shipments on the new contracts will be delivered between July and September.
Despite a decrease in rice prices in the world market due to bumper
harvests worldwide, the global demand gives no sign of relief, making
Vietnam still cash in on its exports at this moment, reported the Food Association.
The World Food and Agriculture Organisation (FAO) predicted that rice prices would continue to rise and hit a peak in 2009. The trend would abate and become stable during the 2010-17 period.
Deputy Minister of Industry and Trade Nguyen Thanh Bien said the ministry would consider a plan to ask for the Prime Minister's permission for more exports in the rest of the year.
He however added that the scheme would be considered only if the domestic food situation looks bright after the nation fulfils the target of 3.5 million tonnes of rice exports by the end of the third quarter.
