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Image : Vietnam shipping execs sentenced to death for embezzlement

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Image : To Mosul and back: Sunni Arabs seek place in a shifting Iraq

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person Orange Themes access_time Nov 18,2016

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Vietnam's H1 2016 rice exports may edge up despite output fall

access_time Apr 16,2016 chat_bubble_outline 118 views
Vietnam's H1 2016 rice exports may edge up despite output fall

Vietnam could export more than 3 million tonnes of rice in the first half of 2016, up 12 percent from the previous year, on rising demand from China and other Southeast Asian nations, amid supply concerns caused by drought, the government said on Friday.

Rice shipments in the three months ending June are projected at 1.6 million tonnes, including sales to China, the government reported on its website citing the Vietnam Food Association (VFA).

However, the VFA lowered their projection by 11 percent amid a drought in Vietnam's main rice-growing region, the government said.

Vietnam, the world's third-largest rice exporter after India and Thailand, shipped 1.55 million tonnes of rice in the January to March period, up 38 percent from a year ago, according to Vietnam Customs data released on Wednesday.

The Southeast Asian country has been fighting the worst drought and sea water intrusion in 90 years in its Mekong Delta food basket, brought on by climate change and El Nino weather pattern. The El Nino typically brings hot, dry conditions to Southeast Asia.

The drought conditions have led other countries in the region to bolster rice imports. Late last year, Vietnam sold 1 million tonnes of rice to Indonesia and another 450,000 tonnes to the Philippines for delivery by the end of the first quarter of 2016.

The disasters have lowered the first-quarter growth of Vietnam's agriculture sector, reducing the Delta's winter-spring paddy output while lifting the country's rice export prices to a five-month high in late March.

"Given the relatively high prices, VFA reckons that rice exports could lose their competitive edge and market share in the coming time," the government report said.

Vietnam's paddy output could fall 1.5 percent this year to 44.5 million tonnes due to Mekong Delta's crop losses, while the annual export would be 8.7 million tonnes, unchanged from a previous projection, the U.N. Food and Agriculture Organization (FAO) said in its April rice market report.

BMI Research forecasts global rice production to decline in 2015/2016, the first in seven seasons, and a global rice deficit of 13 million tonnes could emerge for 2015/2016 after consistent surpluses in the crop years from 2005/06 to 2013/14.

Vietnam could follow Thailand to restructure rice cultivation by reducing planting areas and switching to other crops which requires less water, said Le Anh Tuan, deputy head, Research Institute for Climate Change under Can Tho university.

"Scientists and the authority should reassess the direction for Delta and should not race into rice production," Tuan told Reuters.

No legal reason US could not walk away from Iran deal: official

Washington (AFP) - The Iran nuclear deal would fall apart if a US administration walked away from it, as President-elect Donald Trump has vowed to do, the State Department said Thursday.Iran's President Hassan Rouhani had argued on Wednesday that the deal -- which saw world powers lift sanctions on Tehran in return for controls on its nuclear program -- has been enshrined in international law.The outgoing US administration is proud of the agreement and has no intention of dropping it, but Trump… chat_bubble_outline Read More...

Alan Alda asks scientists to explain energy to children

STONY BROOK, N.Y. (AP) — Alan Alda wants scientists to answer a question for 11-year-old children: What is energy?The actor is a visiting professor at the Alan Alda Center for Communicating Science at Stony Brook University on eastern Long Island. He has been posing similar vexing questions to scientists since 2011.He says it's important for scientists to be able to communicate complex concepts in simple terms.He previously has sought simple definitions of time, color and sound. His first… chat_bubble_outline Read More...

Half of Vietnamese CEOs confident about next 12 months

More business leaders in Vietnam are “very confident” in near-term revenue growth, at 50 per cent this year vs. 44 per cent a year ago, according to a recent survey conducted by PwC.A market of over 90 million people, rapid middle-income growth, and record foreign investment contribute to this sentiment.PwC surveyed over 1,100 business leaders in 21 APEC economies in the run up to the annual APEC CEO Summit in Lima, Peru, from November 17-19.Over half (53 per cent) of businesses in APEC’s 21… chat_bubble_outline Read More...

Report: Iranian-American held in Iran gets 18-year sentence

DUBAI, United Arab Emirates (AP) — An Iranian-American held in Tehran has reportedly been sentenced to 18 years in prison for "collaboration with a hostile government," yet another dual national convicted in a secret trial since Iran's nuclear deal with world powers.The sentence handed down to Robin Shahini, a 46-year-old graduate student who lives in San Diego, is the harshest yet for those detained in what analysts believe is hard-liner plan to use them as bargaining chips in future… chat_bubble_outline Read More...

Jelly cubes pose choking risk in young children

Illustrative image (Source: HCM City (VNA) - A five-year-old boy from HCM City’s District 10 died recently from choking on jelly cubes, sold in Vietnam in small plastic containers with a peel-off top. Dr Dinh Tan Phuong, head of HCM City Paediatrics Hospital 1’s Emergency Aid Ward, said the boy, after taking off the top, sucked the jelly cube too strongly. The cube, made with mixed gelatin and other ingredients, became stuck in the boy’s airway, Phuong said. After the boy turned… chat_bubble_outline Read More...

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