Rice market in difficult times
Rice market in difficult times
After the contract is signed between the Philippines and Indonesia, the domestic rice market is "cooling down" sharply. Mekong Delta at the beginning of autumn-winter rice crop but trading situation is showing signs of stagnation, falling prices make farmers nervous.
Traders dropped spindles
According to farmers, traders and the Mekong Delta, the rice market the last few days have bad trend when prices fall, reducing enterprise "eat in".
Farmers Le Hong Quan Truong Thang commune, Thoi Lai District, Can Tho province, said the paddy IR 50404 price traders purchase date fell 11.10 300 VND / kg compared with a week earlier. "Last week the price of rice was 5000-5100 dong / kg, 2-3 days can suddenly drop to 4700-4800 dong / kg. Reducing that also help buyers, traders behind these people always walk away. They put my rice pile 100 (one of about 1.300m2) 20 million contract last week, 10 days after the date cut very buy rice. Yet yesterday they accept phone calls do not buy any more loss of deposit. At first crop prices have fallen as a result, prices in the harvest will look like. Far from home tui ha rice harvest yet again "- he forces extremely worried. Ms. Tran Thi Bong (in Thoai Son, An Giang), traders who buy rice areas in An Giang, Can Tho, Kien Giang Rice admits the situation is changing for the worse. The warehouses of enterprises to reduce purchasing, purchase price of rice fell down from 200-300 VND / kg depending on type. "It also stopped buying warehouses are unknown reason we panicked traders should also suspend purchases to wait and see how the situation" - she explains Cotton.
Facing rice prices fell so extraordinary, he was Military option is to take deposits of hiring traders cut and dried rice reserves the pending acquisition market will sell out.
As reported by the Cultivation Department (MARD), at the preliminary conference rice crop production in 2014, deploying spring in the Southern region from 2014 to 2015, takes place in the city over the weekend, year this collection of the entire region east of Vietnam, the average yield is about 2.2 higher than 2013 kg / ha. Hence autumn-winter rice production (in the harvest will in November, 12) are also expected to increase to more than 200,000 tonnes to an estimated nearly 4.2 million tons. Output to the domestic consumption of 2.1 million tons of rice. This would almost 2.1 million tonnes of rice in the local goods to consumers in the near future, corresponding to approximately 1.05 million tons of rice.
The consumer market is not favorable
Meanwhile, according to the Vietnam Food Association (VFA), by the end of September, Vietnam exported 4.788 million tons of rice, valued at 2.07 billion dollars FOB. Export contracts signed to date is 30.9 million tonnes 6,516. Accordingly, the remaining amount of the contract is not delivered 1.728 million tons. Currently in stock VFA businesses remaining 1.19 million tons. So the only thing missing now 0.538 million tons of rice to purchasing.
"The balance of exports and reserves transferred to year, VFA will try to purchase all the goods in the rice farmers. But from now until the end of the year, the situation is quite difficult to domestic prices will stand at present, difficult to increase or may decrease slightly due to demand for imports in the world has fallen "- Mr Pham Van Bay- VFA vice chairman said.
He Seven rice market information in the world is weakening trend after trading back from the Philippines and Indonesia ended in August and November 9 Market pending the next demand from Southeast Asia and most buy from China is rising, but not yet crisp, while the new harvest pressure, almost in unison, Thailand, India, Pakistan, Myanmar and Cambodia are going to weigh the market, creating competition intense, the market price will decline in the near future. Difficult situation that will continue through 2015.
"Vietnam 2015 rice will be fierce competition with Thai rice. The strength of Vietnam's fragrant rice, Thai jasmine which also has 2 other varieties equivalent competitive with their pricing power. The competition not only in Asia but also in the African market will take place in the near future. Meanwhile, consumption over the quota are strictly managed so it will be hard for businesses, traders easily export rice through this "- he worried Saturday.
Cultivation Department expected spring 2014 - 2015, sowing area in the South is close to 1.7 million hectares with an estimated output of 12 million tons of rice. Before the export situation will be quite difficult forecast, the National Agricultural Extension Center for Agriculture recommends to consider the area and production next spring, especially with the term should consider the rules scale production. "Industry needs temporary storage plan early on to keep production steady spring crop 2014 - 2015 Since this is the most important crop in the most profitable and not affected by weather" - he Pham Huy Thong Director, national Center for Agriculture and recommendations.
