:. Food Industry News


Vietnam Rice Output to Rise, Exports to Stay the Same

Source: Reuters
21/10/2008

Oct 21 - Vietnam, the world's second biggest rice exporter, will maintain annual exports at 4.5 million tonnes for the next few years despite increasing production, a senior agriculture official said on Tuesday.

Daily News Alerts

Vietnam's annual rice output is forecast to rise 7.2 percent in 2009 to 38.6 million tonnes, but the government has no plans to raise its export target as it wants to build up food stocks, Pham Van Du, deputy director general of the Department of Agriculture and Rural Development, said.

"Sure, we plan to produce more, but we don't want to export that much," Du told Reuters in an interview on the sidelines of a global rice seminar in Chiang Mai, Thailand.

"We plan to sell around 4.5 million tonnes per year until 2010 or maybe until 2015," he added.

He said the government was looking at building up rice stockpiles to ensure it had ample supplies amid fears of changing weather patterns, with several storms since early this year damaging food crops.

Du declined to give details on how high the rice stocks might go, simply saying that it should be higher than the current 1.5 million tonnes.

Vietnam's stocks were well below those of Thailand, believed to be 4.3 million tonnes, he said.

"It's about the unpredictable weather we face every year. We should have some policy on food security as we are concerned that there could be more storms in the future," he said.

The Southeast Asian country is hit by up to 10 big storms or typhoons a year. It has seen eight storms so far this year.

"We have a huge population to take care of. There are people who depend a lot on rice," Du said.

The country has a population of 82 million.

Vietnam was keen to sell rice during the final quarter of 2008 when the smallest crop is due to be harvested, Du said.

This third crop was not affected by storms, he said, so Vietnam is expected to double its rice exports in the last three months of the year compared with a year ago to 1 million tonnes to meet the full-year export target of 4.5 million tonnes.

Vietnam was expected to have around 1.8 million tonnes of rice from the third crop, which is due to be harvested in November, unchanged from last year, Du said.

Harvesting of the next main crop is in February.



GO   View more articles on this subject


More Alerts from 21/10/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Vietnam Sees '09 Rice Exports at 6 Mln Tons
Vietnam's H1 Rice Exports Jump 56.2 pct
Vietnam Ships 60 Pct of 2009 Rice Exports in Jan-May...
Asia Rice-Prices Keep Falling Due to Thin Demand, Ample...
Vietnam Cuts Rice Export Prices
Climate Change to Hit Vietnam's Rice, Coffee - ADB...
Indonesia, Vietnam Agree Rice Deal
Vietnam Effectively Lifts Rice Export Curbs
Vietnam Frees Part of Blocked Rice Cargo
Vietnam Blocks 120 KT Rice, Cites Violations

More in Food Industry News
Athens Bomb Targets McDonald's, No Injuries
More Australian Dairy Cattle to Be Exported to China
Tesco Survives Investor Protest over Share Options
India May Consider Import Tax Crude Palm Oil
Australia: Warrnambool Cheese Cuts Milk Price for Farmers...
Unilever Exec Says Russian Business Buoyant
Codex Adopts Key Provisions for Food Supplements -...
Euro Zone May Retail Sales Fall More Than Expected
Fonterra Appeals Commerce Commission Ruling
Philippines Bought Rice Above Market Prices

Top Headlines
Unilever Exec Says Russian Business Buoyant
Codex Adopts Key Provisions for Food Supplements -...
Euro Zone May Retail Sales Fall More Than Expected
Fonterra Appeals Commerce Commission Ruling
Philippines Bought Rice Above Market Prices
Fortis Cuts 2009/10 Global Cocoa Deficit Forecast
Seven & I Shares Sink on Big Q1 Profit Decline
Guatemala June Coffee Exports up 4.9 Pct yr/yr
France, Germany Ask EU to Help Dairy Market
Symrise Falls on M.Stanley Downgrade
Tetra Pak Acquires Scanima A/S Mixer Division
Indian Farmers to Reap Good Harvest from Budget
French Organic Baker Biofournil Buys Biscuit Producer...
Unilever Closes Acquisition of Baltimor Sauce Business
China Marine Food Group Limited Leads Government Sponsored...
SkyPeople Fruit Juice, Inc. Establishes California-based...
A Process for the Preparation of a Hydrolysate
Parallel Gum Component Mixing Systems and Methods


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228