(VOV) – The Vietnam Food Association (VFA) is predicting rice export companies will face fierce competition in 2015 as the nation more fully opens its markets in line with World Trade Organization (WTO) commitments.
VFA Vice President Pham Van Bay made the announcement at a conference in Ho Chi Minh City on October 10 discussing the status of the 2014-2015 winter spring crop yield.
The VFA is forecasting rigid competition from Thai rice growers for aromatic rice (Jasmine) and two other varieties in addition to harsh competition from the African market.
In 2014, the output of the Southern Region was estimated at 27.8 million tonnes of rice, an increase of 916,365 tonnes compared to 2013, according to statistics of the Ministry of Agriculture and Rural Development (MARD).
VFA statistics show that in the nine months leading up to the end of September of 2014 rice export companies shipped nearly 4.8 million tonnes, worth about US$2.2 billion to foreign markets.
Đăng ký: VietNam News
