Friday, December 6, 2024 5:38:28 PM - Markets closed
VN-INDEX 1,270.14 +2.61/+0.21%
HNX-INDEX 228.93 -0.67/-0.29%
UPCOM-INDEX 92.81 -0.14/-0.15%
Export prices of Vietnamese rice up nearly 10 per cent
VTC News - 3/8/2023 3:47:38 PM
 (0 ratings. You must sign in to rate.)
 The export prices of Vietnamese rice in the first two months of 2023 rose by 9.8 per cent year-on-year to US$528.5 per tonne, according to the Ministry of Agriculture and Rural Development (MARD).
 
Việt Nam exported 789,000 tonnes of the grain in the reviewed period, earning $417 million, down 18.8 per cent in volume and 10.8 per cent in value compared to the same period last year.
 
The Philippines is the largest importer in January with over 129,000 tonnes worth $64.55 million, accounting for 34.6 per cent of Việt Nam’s total export.
 
Việt Nam recorded the highest increase in price for rice exported to Taiwan (China) in January, with a surge of 54.6 per cent year-on-year.
 
Favourable conditions are forecast for rice exports in 2023 as many countries such as the US and China, and those in Europe, are being affected by climate change and drought, which cause a shortage of rice supply.
 
Moreover, India – one of the largest rice exporters in the world – imposes a ban on broken rice exports and a 20-per cent tax rate on white rice varieties.
 
Việt Nam aims to export between 6.5-7 million tonnes of rice in 2023.
 
Its exports are predicted to increase again as the demand in traditional markets such as Indonesia and Bangladesh has risen, and China – one of the largest importers of Vietnamese farm produce, has opened its market after the COVID-19 pandemic. — VNS
 
Read original article here
Newer News
10:25 Vietnam’s exports expected to hit highest growth since 2021
10:11 Experts discuss solutions to improve urban air and transportation
09:44 Vietnam's ETFs withdraw nearly $53 million in November
05/12 Vietnam needs to accelerate seaport greening
05/12 Eleven-month seafood export almost reaches $9.2 billion
05/12 Eight localities join ADB, VinFast to follow green transport transformation roadmap
05/12 Hoan My scientific and technical conference promotes clinical excellence in Việt Nam
05/12 Indonesia extends safeguard duty for VN's plastic pellets
05/12 Drastic measures needed to accelerate disbursement of foreign-funded public investment
05/12 Vietnam boosts fruit imports from the US
Older News
08/03 PM praises Japan's contributions to Việt Nam's growth
06/03 Vietnam’s overseas investments rise sharply in January-February
06/03 VN exports of shark catfish fall sharply
06/03 Economic institution reform key to breaking through middle-income trap: experts
06/03 Ministry of Industry and Trade calls for stable supply of coal
03/03 HCM City foreign investment surges by 43.1 per cent in first 2 months
01/03 February’s CPI up 0.45 per cent due to fuel and housing price hike
01/03 Fuel price in check despite mounting difficulties: Minister of Industry and Trade
25/02 Domestic airlines doing well but challenges ahead
23/02 Ministry calls on three energy giants to ensure national supply
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,270.14 +2.61/+0.21%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.