Thursday, 19 November 2009

Kien Giang (Vietnam) exports more than 1 million tonnes of rice

The southern province of Kien Giang has so far exported around 879,000 tonnes of rice, 25 percent higher than this year's plan.

In the two remaining months, the province plans to ship an additional 150,000 tonnes, brining the total export volume for this year to more than 1 million tonnes.

Exporters from Kien Giang province are expanding their markets and boosting domestic consumption to bring benefits to both farmers and businesses.

The amount of exported rice from the Mekong Delta region increased by 50 percent but the value was lower than last year.

Currently, rice export markets in the region and at home are making progress. The Vietnam Foot Association (VFA) said that Vietnamese rice prices increased by US$70 per tonne compared to last month because of a rising global demand.

Five percent broken rice is US$480 per tonne and 25 percent of broken rice is US$420 per tonne. Price rises and bumper crops have provided an excellent opportunity for domestic businesses to boost their exports.

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