Tran Quoc Toan, deputy head of the Ministry of Industry and Trade (MoIT)’s Import and Export Department speaks at the rice export promotion conference. (Photo: VNA) Pretoria (VNA) – South Africa is a promising market for Vietnamese rice exporters as it consumes about 850,000 tonnes of rice a year, said an official from Vietnam’s Ministry of Industry and Trade (MoIT). South Africa’s demand for rice is expected to rise in the context that its natural conditions are unfavorable for rice farming while the number of tourists and labourers from Asia, where rice is the main staple, coming to the country is on the rise, Tran Quoc Toan, deputy head of the MoIT’s Import and Export Department said. Toan led a delegation to seek export markets for Vietnamese rice in South Africa from December 10-11. The trip is also part of trade promotion activities aiming to realise the target of improving trade between the two countries from present 1 billion USD to 1.5 billion … [Read more...] about South Africa – gateway for Vietnamese rice to Africa
Rice
Rice relief for Thanh Hoa
10:52 | 11/12/2018 VGP – The PM has tasked the Ministry of Finance to supply nearly 2,400 tons of rice from the national reserves for local people suffering from rainfalls and floods in the central province of Thanh Hoa. The Ministry of Labor, Invalids and Social Affairs holds responsible for the accuracy of the content and reported data. Thanh Hoa Province’s People’s Committee will receive and use the supplied rice timely and appropriately. … [Read more...] about Rice relief for Thanh Hoa
How do you like your rice fried? 20 options await
Market 200 in District 4 is often referred to as a food paradise in Saigon, with many restaurants and stalls for customers to choose from. Among these, a fried rice stall called Thien An stands out as a particular favorite. The owner opened this stall two years ago, and it has stayed crowded since day one. One of the reasons that the fried rice stall attracts so many customers is the irresistible fragrance that emanates from the kitchen that is set right next to the entrance, triggering hunger pangs. There are 20 different fried rice dishes on the menu, including chicken wings fried rice, beef fried rice, seafood and ribs fried rice. Noodles and vermicelli are also served here. The cheapest dish here is fried rice with chicken wings, which is about a dollar for a portion. The owner said preparation is the hardest and most time-consuming part of her business. "We have to buy a lot of ingredients, because there are over 20 dishes on our menu," she said. The stall opens and starts serving … [Read more...] about How do you like your rice fried? 20 options await
India rice rates slip; tough Chinese rules dent Vietnam exports
India’s 5 percent broken parboiled variety was quoted around $364-$368 per tonne this week, from $366-$370 the last week. "Prices are down as traders are adjusting to the drop in the rupee. Demand is still weak," said an exporter based at Kakinada in the southern state of Andhra Pradesh. The Indian rupee fell nearly 1 percent on Thursday to the lowest level in two weeks, increasing exporters margin from the overseas sales. In an attempt to accelerate exports, the Indian government last month said it will give a 5 percent subsidy for non-basmati rice shipments for the four months to March 25, 2019. In neighbouring Bangladesh, rice imports in July-November stood at 106,640 tonnes, the country’s food ministry data showed, after the government imposed a 28 percent tax on shipments to support its farmers after local production revived. Meanwhile, in Vietnam, rates for 5 percent broken rice dipped to $400 a tonne from $408 last week as exports to China fell on stricter … [Read more...] about India rice rates slip; tough Chinese rules dent Vietnam exports
New decree facilitates direct rice exports
Nguyen Ngoc Nam, VFA Chairman How will the new decree (Decree 107/2018/ND-CP) affect rice exporters? Decree 107 allows rice producers to export their products directly themselves. According to this new decree, farmers, cooperatives and/or enterprises with several dozen hectares of rice cultivation area can each produce and directly export high quality rice products under their brand names to retailers in foreign markets without applying for a license or having a business registration certificate. Decree 107 will probably increase the number of rice exporters. Will this challenge state management in the field? Increases in the number of rice exporters would not mean growth in export value, because the government intends to decrease the rice cultivation area but add value to Vietnamese rice products. Therefore, businesses in the field are expected to improve the value of their rice products and by products rather than increase production output. Rice businesses should … [Read more...] about New decree facilitates direct rice exports