:. 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's 2009 Rice Exports may Rise 6.4 Pct
Vietnam Scraps Rice Export Tax
Vietnam 2009 Rice, Coffee Export Prices to Fall - Govt...
Vietnam 2008 Rice Exports Set to Top Forecasts
Vietnam Halts Some Rice Export Deals - Trade
Vietnam Sells 100,000 Tonnes Rice to Malaysia
Vietnam 2008 Rice Exports May Hit 4.7 Million Tonnes...
Vietnam Projects 2009 Paddy Output Down 1.6 pct
Vietnam to Relax Rice Export Rules to Boost Sales
Vietnam to Double Rice Exports in Q4 to Meet Target...

More in Food Industry News
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
Campbell Soup Company Makes the Grade by Further Reducing...
USA: YoCream Announces Record Fiscal Year Sales and...
Inter Weichert Appeals against EU Commission Banana...
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Rwanda Expects Leap in Coffee Output, Income
Austria Retail Food Sector Annual Report 2008

Top Headlines
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
In Situ Preparation of Whey Protein Micelles
Aroma-Producing Compositions for Foods
Modified Plant Gums for Preparations of Active Ingredients
Beverage Additive and Method of Making the Same
Nutritious Fabricated Snack Products
Temporally Meal Menu For Infants
Seven & I Posts 7.9 pct Q3 Profit Growth
Modified Vegetable Protein Having Low Levels of Phytic...
Inter Weichert Appeals against EU Commission Banana...
Process for Producing Sugars from Cellulosic Biomass
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Austria Retail Food Sector Annual Report 2008
Salmonella Outbreak Sickens 388 Across US: CDC
Sainsbury Q3 Sales at Top End of Forecasts
U.S. Food Prices Rise 7 pct in 2008 - Farm Group
Supervalu Profit Beats View, Cuts Costs; Shares Up
Thorntons Says Xmas Sales 2.3 pct Lower
China Marine Food Group Commences Production at New...
Wessanen Starts Buyout Process of Remaining Shares...
UK Shoppers Shifted Record Spending to Online Delivery...
Constellation Brands Reports Q3 Fiscal 2009 Results


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228