ORICO was established in 2013 and is a joint-venture Rice Miller/company between Vietnam Northern Food Corporation (Vinafood 1- one of the biggest rice exporters in Vietnam with the average output of 1 million tons of rice every year) and Louis Dreyfus Company (a world leading merchant and processor of agricultural goods with annual sales of 70 billion USD , and Rice - over 3 million tons/year), to aim at direct producing and rice exporting to the world market.
Vietnam’s 5% broken rice has risen to a 15-year peak of $653 per ton, exceeding that of competitors Thailand and Pakistan.
Vietnam has exported six million tons of rice worth US$3.2 million this year, 21% and 35% up in terms of volume and value from the same period last year.
Vietnam rice prices have been falling in the last two days as importers from the Philippines canceled orders due to fear of losses after the country imposed rice price ceilings....
THE National Food Authority (NFA) said it rejected the bids of Thailand and Vietnam in the...
The Government has issued Decree No. 107/2018 / ND-CP on rice export business, which specifies conditions for rice export business.
1/ Minimum order quantity (MOQ): 250-500 tons per each type of rice/bag marking.
2/ Payment terms: should be provided in details (payment mode, bank details...) before prices offering.
*Please kindly understand due to our set up, above conditions are needed before we can offer for prices/quotation. Thank you.