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| Workers of Cau Ke Foodstuff Company in southern Tra Vinh Province's Cau Ke District prepare rice for exports. Viet Nam has been selected to supply 100,000 tonnes of rice to the Phillipines. — VNA/VNS Photo Duy Khuong |
HA NOI — Viet Nam has been selected to supply
100,000 tonnes of rice to the Philippines because its price is much lower than
its competitor Thailand, according to Vietnam News Agency.
However, the Philippines National Food
Authority was still awaiting for government approval to finalise the deal.
Shipments were expected to arrive before the lean months from July.
In the first quarter of this year, Vietnamese
businesses signed commercial contracts to ship 500,000 tonnes of rice to the
Philippines this year.
The 100,000 tonnes was part of 120,000 tonnes
allotted to the authority, while private traders and farmer groups will import
the other 380,000 tonnes.
According to the Ministry of Agriculture and
Rural Development, Viet Nam shipped 3 million tonnes of rice in the past five
months to earn US$1.4 billion. During this period, rice exports to China
increased fourfold in volume and value, making it Viet Nam's largest rice
consumer.
The ministry said it expected 6.25 million
tonnes of rice to be shipped abroad this year, 16 per cent more than its
previous 5.4 million tonnes.
To meet the target, the ministry has urged
local rice businesses to expand their outlets instead of focusing on
traditional markets.
Africa, for example, had offered substantial
growth, with major markets such as the Ivory Coast, Ghana and Senegal consuming
large amounts of Vietnamese medium-grade rice, it said.
To better streamline the country's rice
export, the ministry also recommended restricting the number of domestic rice
businesses who qualified to export to less than 100.
According to the ministry, the country
exported 7 million tonnes of rice yearly, with more than 200 businesses taking
part in the activity. This had caused unhealthy internal competition which had
a negative impact on the country's export rice quality and price. — VNS
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