Home Commodities

PM okays plan to buy rice

Jul 4th at 13:16
04-07-2012 13:16:49+07:00

PM okays plan to buy rice

The Prime Minister yesterday approved a plan to buy 500,000 tonnes of summer-autumn rice between July 10 and August 10 for temporary stock.

The Viet Nam Food Association (VFA) will offer the rice to food enterprises for purchasing.

The Ministry of Finance and State Bank of Viet Nam will provide capital for the sales.

In June, the Ministry of Agriculture and Rural Development (MARD) proposed that the Government permit food firms to buy one million tonnes of summer-autumn rice.

However, in a recent conference on rice exports, VFA said the Government and MARD should keep temporary stock of 500,000 tonnes of rice.

It added that rice trading firms should not have a large temporary stock but should increase trade promotion to speed up rice exports.

This year's summer-autumn crop is expected to provide 2.5 million tonnes of rice for domestic consumption and export.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Oil import taxes up, petrol prices down
COMMODITIES Jul 4th at 13:12

Oil import taxes up, petrol prices down

Import taxes on some petroleum products yesterday increased by 2 per cent, the Ministry of Finance announced. It was the fifth time that fuel taxes have changed...

Gold surges slightly in Vietnam
COMMODITIES Jul 3rd at 22:02

Gold surges slightly in Vietnam

Price of gold in Vietnam surged slightly on July 3 as global price edged up at the trading session this morning.

Petrol and oil prices keep falling
COMMODITIES Jul 3rd at 13:14

Petrol and oil prices keep falling

The Ministry of Industry and Trade and the Ministry of Finance cut prices of petrol, kerosene and oil on the domestic market yesterday following a fall in world...

Large rice mill opens in delta region
COMMODITIES Jul 3rd at 13:04

Large rice mill opens in delta region

A rice mill that can process 24 tonnes of rice per hour and store 40,000 tonnes opened in the Mekong province of An Giang on Saturday.

Cooking gas prices on the decrease
COMMODITIES Jul 3rd at 13:03

Cooking gas prices on the decrease

Retail gas prices in HCM City yesterday declined by VND36,000 (US$1.7) to VND315,000 ($15) per 12-kg canister, according to the city's gas retailers.

Rice yield rises by 466,000 tonnes
COMMODITIES Jul 2nd at 13:14

Rice yield rises by 466,000 tonnes

The Ministry of Agriculture and Rural Development (MARD) estimated a 466,000 tonne increase in this year's winter-spring rice crop compared to that of 2011 with...

Dung Quat exports biofuel to Manila
COMMODITIES Jul 2nd at 13:07

Dung Quat exports biofuel to Manila

PetroVietnam Central Biofuels Joint Stock Company (PCB) shipped 4,300cu.m of ethanol products from Dung Quat Oil Refinery in the central province of Quang Ngai to...

Vietnam Coffee Exports May Rise To 160,000 Tons This Month
COMMODITIES Jun 29th at 13:55

Vietnam Coffee Exports May Rise To 160,000 Tons This Month

Vietnam, the world’s biggest producer of robusta coffee, may export 160,000 metric tons this month, according to figures released today by the General Statistics...

Vietnam Rubber Exports May Rise 16% To 65,000 Tons This Month
COMMODITIES Jun 29th at 13:55

Vietnam Rubber Exports May Rise 16% To 65,000 Tons This Month

Vietnam, the fourth-biggest rubber exporter in 2010, may ship 65,000 metric tons this month, according to the General Statistics Office, 16 percent more than a year...

Vietnam Rice Exports May Rise 12% To 750,000 Tons This Month
COMMODITIES Jun 29th at 13:54

Vietnam Rice Exports May Rise 12% To 750,000 Tons This Month

Vietnam, the world’s second-biggest rice exporter, may ship 750,000 metric tons this month, according to the General Statistics Office, 12 percent more than a year...

Read More

Commodity prices

MOST READ

Back To Top