January rice exports hit record
Rice exporters had by the end of January registered to ship 1.5 million tonnes of rice on contracts, a year-on-year increase of 15.74 per cent, the VFA said at a meeting with its member firms in Ho Chi Minh City on February 10.
They also registered a high volume on contracts to export rice in the first month of this year, mainly with Malaysia and Indonesia .
VFA Chairman Truong Thanh Phong said he was optimistic about the country’s rice consumption in 2011 thanks to contracts signed with Indonesia and Bangladesh late last year, along with contracts with other countries like Cuba, Iraq and Malaysia.
He said the VFA estimates rice export would reach 1.6 million tonnes in the first quarter of this year and 2.24 million tonnes in the second quarter of 2011.
At the meeting, Phong said the VFA would ask the government for permission to purchase and stockpile one million tonnes of rice from the winter-spring crop.
The stockpile will begin on March 1 and end on April 15, he added.
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