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The total volume of rice exports at the end of this year is expected to reach nearly 6 million tonnes, according to the Vietnam Food Association (Vietfood).
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Agricultural export value is likely to meet Government targets for the year but will remain lower than last year, according to the Ministry of Agriculture and Rural Development (MARD).
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Coffee exports totaled 848,000 tonnes and earned US$1.25 billion in the first eight months of the year, an increase of 16.8 per cent in volume but a decline of 17.7 per cent in value compared to the same period last year, according to the Vietnam Coffee and Cacao Association.
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Vietnam will expand a rice stockpiling scheme initiated last month to buy another 500,000 tonnes of summer-autumn milled rice this month to stabilise easing domestic prices, a state-run newspaper said on Thursday.
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Vietnam exported nearly 4.5 million tons of rice, valuing US $2 billion, or with an average CIF price of US $408.6 per ton, in the first 8 months of this year, according to the Vietnam Food Association.
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Vietnam& # 39;s 2009/10 coffee season starting next month should produce 400,000 tonnes, or 6.7 million bags, in the top growing province of Daklak, down 5.9 percent from the previous harvest, a provincial official said.
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The US Department of Agriculture predicts that Vietnam& # 39;s rice exports are likely to hit a record high of 6 million this year.
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Rains in Vietnam, the biggest coffee producer after Brazil, are supporting the crop in the country’s main growing region, growers said, likely easing concern about a shortfall in global supplies of the commodity.
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Coffee export volumes increased in the first seven months of this year but the total value declined, the Ministry of Agriculture and Rural Development has said.
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Vietnam, the world& # 39;s largest black pepper producer, is forecast to export 95,000 tonnes of pepper this year, 5 percent lower than an earlier annual industry.
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Domestic robusta prices in Vietnam have risen more than 3 percent in the past week, tracking gains on the London futures market, and growers and trading houses are stepping up sales as a result, traders said.
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