Do More With Reuters
Partner Services

Vietnam cuts minimum export rice price by 2.5 pct

Wed Jun 25, 2008 10:42am IST
 
Email | Print | | Single Page
[-] Text [+]

HANOI, June 25 (Reuters) - Vietnam has reduced the minimum export price to $780 per tonne of the 5-percent broken rice grade, an official from the Vietnam Food Association said on Wednesday.

"The new floor export price of $780 per tonne is effective from this week," the official said by telephone from Ho Chi Minh City, referring to the price on free-on-board (FOB) basis.

Last week the association told exporters they could only sign new contracts with minimum prices of $800 per tonne, FOB, after the government resumed Vietnam's rice exports. ($1=16,451 dong) (Reporting by Nguyen Nhat Lam; Editing by Lincoln Feast)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article