Pham Thai
Le Truong Son, director of Dong Thap Province-based Docimexco Company, said that the rice market has turned active thanks to plenty of orders from African and Chinese importers. At present, the summer-autumn harvest is almost finished in the Mekong Delta and enterprises have sped up export contract signing to prevent stockpiles from building up.
However, Son said enterprises should be cautious against losses as some enterprises have accepted low export prices for various reasons.
Tran Thanh Van, deputy director of Gentraco Joint Stock Company, attributed the rising rice prices to the fact that enterprises have strongly boosted rice purchases to meet the stockpile target of one million tons by late this month.
Van however said that rice export prices have improved over a couple of weeks but the uptrend is still unclear.
The price of the 5% broken rice ranges from US$390 to US$410 a ton. Meanwhile, Thai rice price is US$470 a ton, or US$70-80 higher than Vietnam’s 5% broken rice. The gap was US$100 per ton in the first quarter of this year.
Regarding the news that Thailand’s government has organized auctions to sell 500,000 tons of milled rice and 400,000 tons of unmilled rice for private exporters, local firms said that the information has yet to impact Vietnam’s rice export prices.
In fact, the volume of Thai rice launched onto the global market via this channel is still small. Customers have not flocked to buy Thai rice and they still signed contracts with Vietnamese firms.
According to rice market website Oryza, the Philippines will import 350,000 tons of rice this year as committed to the World Trade Organization (WTO).
Early this year, the nation imported 187,000 tons from Vietnam under the government-to-government contract. Many local exporters expect that the nation will import the remaining 163,000 tons from Vietnam.
The Vietnam Food Association (VFA) said that Vietnam had exported over 3.5 million tons of rice worth US$1.53 billion, FOB Vietnam port, as of July 11.
Đăng ký: VietNam News
