Vietnam rice exports may be 400,000 tons this month

TN News

Email Print

Rice exports from Vietnam, the world's second-largest shipper after Thailand, may total 400,000 metric tons this month, 25 percent less than a year earlier, according to the Ministry of Agriculture and Rural Development.

While export prices "fell slightly" from December, Vietnamese companies haven't signed many contracts because the nation's prices are higher than those of other exporters like India and Pakistan, the ministry said in a monthly report.

Vietnam may export about 1.1 million tons in the first quarter, compared with more than 1.8 million tons in the same period last year, Thoi Bao Kinh Te Vietnam newspaper said on January 30, citing the Vietnam Food Association.

Shipments may total 3 million to 3.5 million tons in the first half and 3.5 million tons in the second half, according to a statement on the government's website, citing the association. Full-year exports are forecast at 6.5 million to 7 million tons, with 1 million to 1.5 million tons of stockpiles to be carried over to 2013, according to the statement, posted on January 29.

More Business News