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Thursday, 27 December 2012 07:03 |
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By Tuoi tre Online
TT - Vietnam Food Association (VFA) has issued new rice export price guidelines, effective from December 27.
Accordingly, the minimum price of 35 percent broken rice for export is USD370 /per ton (FOB, packed in 50 kg / bag quality standard and VN). The rest of the rice price will be calculated by the enterprises themselves and decide.
Pham Van Bay, VFA vice president, said the policy of the VFA is to free enterprise in calculating contract. Therefore, VFA give the floor price for rice has the lowest grade of Vietnam. Other types of rice, such as 15%, 10% or 5% broken by enterprises to self-determination on the basis of cost and profit. |