Thailand, VN develop rice markets

10:58 | 13/03/2015

VGP – The Vietnamese and Thai agriculture ministers discussed cooperation in building a sustainable rice market and increasing the value of export farm produce.

Thai Minister Petipong Pungbun Naaydhya noted on March 12 that Viet Nam and Thailand are the two largest farm produce exporters in Southeast Asia and among the world’s top farm produce exporting nations.
According to a commitment joined by exporters in the region, they are not permitted to offer rubber price of below $1,500 a ton.
However, a business shipped it at $1,450 under FOB (Free on Board) term from Da Nang Port in January, he cited.
Similarly, Thailand’s rice export price is lower than Viet Nam’s. It averaged $390 a ton in the first two months this year while Vietnamese rice was priced at $400.
He suggested the two countries put forth a cooperation strategy to build a sustainable farm produce market for their long-term mutual interests, including defining grain standards, prices, and quality.
Specifically they can work together to build strategies on rice standards, prices, quality and productivity, he added.
Minister Cao Duc Phat reiterated that Viet Nam is home to 4 million hectares of rice and one million hectares of rubber, and stated his country’s intention to work closely with Thailand to generate mutual long-term benefits.

                                                                                                        By Ngoc Van