Vietnam to sell 2.8 million tons of rice in first half

Vietnam may export as much as 2.8 million metric tons of rice in the first half of this year, Thoi Bao Kinh Te Viet Nam reported, citing an estimate by the Vietnam Food Association.

Around 2.4 million tons of rice have already been contracted for sale, with more than 900,000 tons scheduled for shipment in January and February, the paper said. The newspaper did not provide year-earlier comparisons. Vietnam, the world’s second -biggest rice exporter after Thailand, shipped 4.7 million tons last year, the association said January 6. The group plans to ship at least four million tons of the grain in 2009. Source: Bloomberg