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Indian rice exports suspended as lockdown disrupts supply chain: Report
About 400,000 tonnes of non-basmati rice and 100,000 tonnes of basmati rice, meant for March-April delivery, are either stuck at ports or in the pipeline due to the lockdown, exporters said.
Keeping the export proposal of 400,000 tons of rice in April
In addition to the amount of rice retained to buy for state reserves and to prevent any possible situation in April and May 2020, Vietnam still has surplus of 800,000 tons of rice to export in these two months.
Rice exports in the first 2 months of 2020 increased sharply
According to preliminary statistics of the General Department of Customs, rice export to foreign markets in the first 2 months of 2020 reached 928,798 tons, earning USD 430.49 million.
Domestic demand soared because Covid-19 spread, dragging Vietnam's export rice price up last week
Vietnam's rice export price was the highest in more than a year thanks to domestic demand when the corona virus broke out. Meanwhile, drought in Thailand continues to raise concerns about supply shortages and drag export prices to a 6 and a half year high this week.
Rice price for export is over 400 USD / ton
After more than a year always below 400 USD / ton, 5% broken rice export price is now above this level.
Drought in the Mekong Delta has exceeded its record term in 2016
VTV.vn-in localities in the Mekong Delta, the war against salinity is determined with the spirit of the COVID-19 press.
Farmers in Mekong Delta provinces enjoy bumper winter-spring rice crop
On the last days of February, farmers in the Mekong Delta have entered the peak harvest season of the winter-summer rice crop. Despite the impacts of saltwater intrusion and drought on coastal areas, most farmers have enjoyed a bumper crop and the price of paddy has also increased compared to at the beginning of the crop.
Trouble in world rice market when shipping from India is delayed in time for strong demand
The world rice market is struggling as the transportation of rice from major seaports is delayed due to a lack of containers at the right time when there is a trend in many countries around the world to increase their stockpiles of rice - one of the staples food. .
What did Vietnam buy Indian rice for the first time?
Vietnam bought Indian rice for the first time, this may seem unusual, but in fact, according to businesses, this is completely normal, because Indian rice imported mainly is broken and used for processing. Out.a
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