December 25, 2024 | 00:44 GMT +7

  • Click to copy
Wednesday- 07:03, 07/08/2024

Vietnam wins 7/12 rice export bids to the Indonesian market

(VAN) 7/12 bids by Vietnamese enterprises won rice export contracts to the Indonesian market with a total volume of 185,000 tons. VinaFood won 104,000 tons.
Harvesting rice for export in the Mekong Delta. Photo: Le Hoang Vu.

Harvesting rice for export in the Mekong Delta. Photo: Le Hoang Vu.

The Indonesian National Logistics Agency (Bulog) announced the results of the July tender, involving 320,000 tons of 5% broken rice. Vietnam won 7 out of 12 bids, while Myanmar secured 3 rice lots.

Vietnamese enterprises won 7 out of a total of 12 bids, with a total tendered quantity of 185,000 tons.

Among the winning enterprises, the Northern Food Corporation (Vinafood 1) secured the largest portion with 4 lots, totalling 104,000 tons.

The remaining bids were won by three companies, each securing a lot of 27,000 tons: the Southern Food Corporation (Vinafood 2), the Gia International Joint Stock Company, and An Vi Import-Export Joint Stock Company. These companies utilized rice sourced from Vietnam.

Additionally, the Mekong Food Company of Vietnam won a tender for 27,000 tons using rice sourced from Myanmar.

According to Ssricenews, a rice market specialized website, in this tender, Vinafood 1 offered rice prices ranging from $ 567.5 to $ 577.5/ton, while Vinafood 2 offered prices from $ 579.5 to $ 598/ton. Thailand and Pakistani enterprises also participated but did not win due to their higher bid prices ranging from $ 584 to $ 592/ton.

Vietnamese and Myanmar enterprises won the tender at a uniform price of $ 563/ton. This price is similar to the price at which Vietnamese enterprises won the tender in May 2024.

Indonesia is projected to increase its rice import demand to 5.18 million tons in 2024, presenting a significant opportunity for Vietnamese rice exporters.

According to the Ministry of Agriculture and Rural Development, in the first seven months of 2024, Vietnam exported 5.18 million tons of rice, with an export value of $ 3.27 billion, representing a 25.1% increase in volume and a 5.8% increase in value compared to the same period last year.

Author: Nguyen Thuy

Translated by Hoang Duy

Import and export turnover reaches the threshold of 800 billion USD

Import and export turnover reaches the threshold of 800 billion USD

(VAN) Vietnam's trade turnover reached nearly USD800 billion, a 15% increase compared to the same period last year, with exports rising by almost 14%, significantly surpassing the target of 6%.

The seafood export reached 10 billion USD, with expectations for 2025

The seafood export reached 10 billion USD, with expectations for 2025

(VAN) The Vietnam Association of Seafood Exporters and Producers held a ceremony to celebrate seafood exports reaching 10 billion USD in 2024, with expectations for better growth in 2025.

Periodic updates on the grains, livestock futures markets

Periodic updates on the grains, livestock futures markets

(VAN) After Monday, a drier trend sets in for Argentina before rain returns next week. Soymeal is retreating on falling world prices as Argentina is slated to crush a record amount of beans.

Cocoa caps 2024 as biggest commodity winner. It’s not over yet

Cocoa caps 2024 as biggest commodity winner. It’s not over yet

(VAN) Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.

Bulgaria’s oilseed harvest drops to decade low

Bulgaria’s oilseed harvest drops to decade low

(VAN) The total oilseed crop including sunflower, rapeseed and soybeans is estimated at 1.6 million tonnes, down from 2 million tonnes a year ago.  

Corn farmers score major win in Mexico GMO corn dispute

Corn farmers score major win in Mexico GMO corn dispute

(VAN) The USMCA dispute panel ruled in favor of the United States on Friday, stating Mexico violated the trade agreement with its decree to ban GMO corn.

Negotiations on exporting Vietnamese passion fruit to the United States

Negotiations on exporting Vietnamese passion fruit to the United States

(VAN) According to information from the Plant Protection Department (Ministry of Agriculture and Rural Development), Vietnam and the United States are negotiating plant quarantine measures for fresh passion fruit.

Read more