Toll for rice in Vietnam increase price not only outside of the country

By: trademagazin Date: 2008. 07. 23. 00:00

After a government decision exporters have to pay USD 30-176 customs per tons.

 Vietnam has exported 2.54 million
tonnes of rice since the start of this year, up two per cent from the
same period last year, leaving less than one million tonnes to be
shipped through September under a government curb.

Vietnam has capped rice exports from
January to September at 3.5 million tonnes, but officials have said
shipment by the year-end could hit 4.5 million tonnes, similar to
2007 when Vietnam was the world's third-largest exporter of rice
after Thailand and India.

Rice exports during the first 18 days
of July totalled 242,700 tonnes, bringing the cumulative shipment so
far this year to 2.54 million tonnes, the Vietnam Food Association
said in its weekly report.

Most of Vietnamese rice exported so far
this year has gone to the Philippines, the world's largest importer
of the grain. The Philippines has spent around $1.54 billion this
year buying 2.3 million tonnes of rice, mainly from Vietnam and
Thailand, to fill a gap in local production and increase its
stockpile.

Summer-autumn paddy prices edged down
to between 4,700 and 4,800 dong (28.4-29 US cents) per kg yesterday
in the Delta, about three per cent down from between 4,800 dong and
5,000 dong a week ago.

However, summer-autumn paddy prices are
still nearly 70 per cent higher than the same time last year when
they stood at 2,700 dong to 2,900 dong per kg.

 

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