11:20:25 AM | 21/7/2008
The Vietnam Food Association announced that this week it will raise export floor prices of 5 per cent broken rice by 4.2 per cent, making export prices of Vietnamese rice are more expensive than Thai.
Accordingly, export prices of 5 per cent Vietnamese broken rice will be traded at US$750 a ton, FOB, up from US$720 a ton a week earlier.
Rice delivery will be carried out within July and August 2008.
Currently, the National Rice Export Management Team decides rice exports in Vietnam.
The Association said Vietnam exported 116,000 tons of rice in the first 11 days of July, raising the country&rsquos total rice export volume to 2.42 million tons so far this year, up 1.3 per cent on year.
Vietnam has planned to export 4.5 million tons of rice in 2008, equal to last year.
Last week, Thailand sold 100 per cent white rice for US$725 a ton, up from US$720 a ton from pervious week. (Vietnam & World Economy)
Vietnamese
