Mr. Quach Van Ngoan, a farmer in Long Binh Commune in Long My Town in Hau Giang Province, said that his family has 4,000 square meters of rice. He finished harvesting and already sold all his paddy more than 10 days ago for VND5,200 per kilogram as farmers needed money to cover necessary expenses and daily expenses. Farmers in the Mekong Delta have mostly finished harvesting the winter-spring rice crop. Most farmers harvested and sold paddy when the prices were at high levels. Currently, paddy is in warehouses of export enterprises, rice mills, and traders. Enterprises need to export rice in a certain volume. In the past weeks, arguments were raised on social networks and some media on keeping or suspending the export of rice. It is important to consider and calculate the volume and time of export. According to a report by the Vietnam Food Association, by March 27 this year, the total amount of undelivered signed contracts was nearly 1.6 million tons of rice. Of which, the … [Read more...] about Mekong Delta provinces expect good summer-autumn rice crop
High income agriculture crops
Nirukt Sapru, chief executive officer, Standard Chartered Bank Vietnam, shared that, “Vietnam is reaping the result of the process of opening its economy and integrating into the world. Vietnam is currently the fastest-growing economy in the region, a clear testament to the benefits that an open economy brings to the country. With government efforts to improve trade facilitation capacity and business environment and the momentum of FDI inflows, Vietnam is expected to witness stronger trade growth in the near future." … [Read more...] about Vietnam becomes high-light of ASEAN in trade growth
India's peak farm activity happens between April and June. This is when the winter crop - wheat, rice and pulses - is harvested and sold. It is also peak season for fruits. And it is also when farmers begin sowing the summer rain-fed crop, comprising paddy, pulses, cotton and sugarcane. "The lockdown has hit both these seasons," says Mekhala Krishnamurthy, an associate professor of sociology and anthropology at Ashoka University. … [Read more...] about Will coronavirus lockdown cause food shortages in India?
The Ministry of Industry and Trade reports that firms operating in the garment, leather and footwear, and woodwork processing sectors have been hit by a double impact from the ongoing COVID-19, after many of their buyers chose to delay delivery of signed orders in the months ahead. Moreover, the vast majority of buyers are currently declining to enter into to negotiations for new orders. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
The ministry said the country shipped around 1.7 million tonnes of rice under signed export contracts as of March 31. Therefore, the rice export volume in the future would be 1.5 million tonnes. Meanwhile, the total rice reserves in the next two months before the summer-autumn crop would be 700,000 tonnes. … [Read more...] about MoIT proposes to resume rice exports