VFA: Rice Exports Down 9.72 Pct Against 2011February 23, 2012 (Vietnamica) — According to the Vietnam Food Association (VFA), the country would export 6.5 million tons of rice this year, down 9.72 percent against 2011. The domestic rice market would undergo a tough year of 2012 due to domestic costly large stockpiles, price competition, and reduced global rice trading (VNS, Feb. 15).
February 23, 2012 (Vietnamica) –Dak Lak – the largest coffee growing province in Vietnam – has implemented a policy to limit coffee bean exports in order to encourage and promote well-processed coffee. In light of this, the province is calling on domestic and foreign investors to build roasted and instant coffee factories with capacities from 700 to 1,000 tons/per year respectively (VNS, Feb.15).
MARD: Coffee Exports to Reach US$3 Bln in 2012February 22, 2012 (Vietnamica) — The Vietnamese Ministry of Agriculture and Rural Development (MARD) has forecast that coffee exports would reach 1.2 million tons (in volume, as same as 2011) and US$3 billion (in value, up 10 percent) (VGP, Feb 14).
February 18, 2012(Vietnamica) — The number of Vietnamese businesses showing interest in Africa, South and West Asia markets has been increasing year-by-year, director of Africa-West-South Asia Markets Department Ly Quoc Hung said (Lanka Business, Feb. 18).
Vietnam Govt Allows Imports of 100,000 MT of Salt in 2012Feb 18, 2012 (Vietnamica) — Vietnam Ministry of Agriculture and Rural Development (MARD) announced today that it has now agreed with Vietnam Ministry of Industry and Trade (MoIT) to allow for a total import quota of 102,000 metric tons (MT) of salt in 2012.
February 15, 2012 (Vietnamica) — Vietnam’s coffee export loading in February is expected to rise to between 120,000-150,000 tons, or 2 million to 2.5 million 60-kg bags, as exporters cash in on price gains. Coffee exports plunged nearly 48 percent in January from a year ago to 112,000 tons because of the Tet new year festival and as farmers held back beans in the expectation of higher prices later. (Reuters, Feb. 15)
