Last Updated :
08 January 2010 at 14:00 IST
Vietnam rice exports to hit 5.5 million tons in 2010
HANOI (Commodity Online) : One of the world’s top rice producers, Vietnam said it planned to export 5.5 million tones of rice this year.
According to country’s Agriculture and Rural Development ministry, rice exporters have signed contracts to export 2.38 million tones of rice including contracts to export over one million tones of rice to Philippines so far.
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The Ministry recently said that in 2010, agro-forestry-fishery export would bring a turnover of $16 billion, increasing $1 billion against 2009's figure.
In the first quarter, the total quantity of rice to be exported would be about 1.5 million tones.
Philippines has lately announced that Vietnam has won the third phase bidding session in December 2009 with total rice volume of 586,554 tonnes at price of $664.9 per tonne, to be delivered at Philippines' seaport. The delivery period will be from March to June 2010.
During December 2009, Vietnam had won the bidding sessions for exporting rice to the Philippines for three times with total export volume of over 1 million tunes.
At present, Vietnamese enterprises are delivering 150,000 tones of rice to Filipino partners after winning the bidding session held in early December 2009.
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