In fact, according to figures from Vietnam Food Association, enterprises purchased amount of rice in stock that have reached 678,000 tons (504,000 tons higher set-up target) as well as enhanced negotiation and signed contracts of rice export. Up to late September 2008, exported rice and rice in contract output reached 3.9 million tons, average export price of 608 USD per tons. At present, amount of rice in stock of enterprises from Vietnam Food Association is about 277,000 tons (after deducting amount of rice delivered in contracts by 574.000 tons).
Amount of rice from enterprises in Mekong River Delta Provinces is about 700,000 tons. Thus, amount of existing rice is 1.8 million tons in Mekong River Delta. Further more, to achieve export target of 4.5 million tons, Vietnam has to export 600,000 tons of rice within 3 late months 2008.
In addition, rice price in Mekong River Delta rises again due to effect of rice export. Amount of Vietnam’s export rice rises suddenly in some markets. Specifically, Vietnam became the biggest rice provider for Cuba, overcoming traditional market The Philippines. At 25,600 tons, Amount of import rice from Vietnam also rises sharply (244%) in Angola, worth 19.4 million USD. Exporting rice to Poland is up 154% in quantity (438 tons) and 188% in value (953,000 USD).
Rice price this week began rising again due to domestic market effect and export activities. Specifically, price of dried paddy reaches average price 4,100-4,200 VND per kg (up 500 VND per kg) in Mekong River Delta Provinces. Price of An Giang’s high-quality rice is in the range of 4,100-4,400 VND per kg; price of Kien Giang’s rice is 4,300 VND per kg. Rice price also has trend of rising in Mekong River Delta. In An Giang, price of brown rice is up 150 VND per kg against last week, at 5,850 VND per kg. In Dong Thap, price of brown rice remains unchanged against last week, at 6,000 VND per kg.

Source: AGRODATA, Information Center of Agricuture and Rural Development, Institute of Policy and Stragety for Agriculture and Rural Development, www.agro.gov.vn
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