Vietnam to Sign Deals to Export 4.6M Tons of Rice
Vietnamese firms expect to sign contracts to export a total 600,000 tons of rice to African countries in May, raising the country’s total rice export volume under contracts to 4.6 million tons, said Pham Van Bay, vice chairman of the Vietnam Food Association.
In the first 20 days of May, local firms had signed deals to sell nearly 400,000 tons to Africa, for US$350 a ton of 5% broken rice, FOB, up US$20/ton from April.
A delegation of the Vietnam Southern Food Corporation, or Vinafood 2, has arrived in Brazil to seek opportunities to boost rice export to the South American market.
Brazil plans to import more than one million tons of rice, giving chances to Vietnamese rice firms as India and Thailand, two of the world’s biggest rice exporters, are unlikely to supply.
Vietnam plans to export six million tons of rice in 2010, of which 3.3 million tons will be delivered in the first half. (Youth, Saigon Marketing)
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