Thai rice worries VN exporters
Thailand’s plan to sell all its rice reserves of about eight million tonnes this year has sparked concerns that this move will undermine Việt Nam’s rice exports. Nguyễn Văn Đôn, director of Tiền Giang-based Việt Hưng Co Ltd, said rice exports were positive last month, with many contracts signed. But starting early last week, trading tended to slow, he said, adding that his company has not had any new export contracts. He attributed this to the higher prices of Vietnamese rice compared to last month, and to Thailand’s plan to sell all of its rice stockpiles. Đặng Thị Liên, director of Long An Foodstuff Co Ltd, said the price of Vietnamese five per cent and 15 per cent broken rice was US$5-10 a tonne higher than the same kinds of Thai rice.
