In the first two months of the year, Vietnam exported 788,000 tons of the grain worth worth $355 million, down 4.9 percent and 17.5 percent year-on-year, respectively, according to the Ministry of Industry and Trade. Rice exports to China, Vietnam’s biggest buyer, went down; and in a double blow for exporters, prices also fell sharply. Currently export prices are at VND4,300 - 5,000 ($0.19 - $0.22) per kilogram depending on the variety, VND800 - 1,000 lower than a year ago. Rice export values plunged 17.5 percent in January and February. The ministry said importing countries were sourcing their rice from more suppliers, and the resultant competition has pushed prices down. Besides, many countries have been seeking to increase rice production, increasing global supply, making it a buyers’ market. At a recent conference on rice production held in the Mekong Delta province of Dong Thap, the association called on the State Bank of Vietnam to provide credit to help businesses … [Read more...] about Rice exports slump, food association seeks government help
Biggest rice exporter
2018 rice exports: Successful innovation
(VEN) - Rice has dropped from first to second place in the government’s priority farm produce exports due to the crop rotation policy. However, despite initial difficulties, rice exports have achieved breakthroughs in terms of structure and price and they are still a key, sustainable export. Innovation and growth Vietnam produced 43.9 million tonnes of rice in 2018, up 1.2 million tonnes from 2017. Since the government issued Decree 107/2018/ND-CP to facilitate rice exports, Vietnam’s rice industry has made positive changes in restructuring, improving rice quality by introducing new, high quality varieties and increasing mechanization in production, preservation and refinement. While Vietnamese rice export prices have improved, the country’s rice export structure has changed to 51 percent white rice, 32 percent aromatic and jasmine rice, 12 percent glutinous rice and 5 percent Japanese Japonica rice. In 2018, Vietnam exported 6.13 million tonnes of rice (up six … [Read more...] about 2018 rice exports: Successful innovation
Rice exports bring home USD1.1 billion in Jan-Apr
China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development.Vietnam earned USD1.1 billion from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume (Photo: VNA)The average export price for rice showed a year-on-year rise of 15 percent to touch USD501 per tonne thanks to better quality.High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time.In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017.According to Vietnam’s Rice Market Development Strategy from 2017 to 2020 with a vision to 2030, one of the country’s goals is to gradually reduce the rice export volume but increase the value of exported … [Read more...] about Rice exports bring home USD1.1 billion in Jan-Apr
Rice exports bring home 1.1 billion USD in Jan-Apr
Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume (Photo: VNA) Hanoi (VNA) – Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume. China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development. The average export price for rice showed a year-on-year rise of 15 percent to touch 501 USD per tonne thanks to better quality. High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time. In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017. According to Vietnam’s … [Read more...] about Rice exports bring home 1.1 billion USD in Jan-Apr
Import demand continues boosting Vietnam’s rice export
Farmers dry unhusked rice in Hong Dan district, the Mekong Delta province of Bac Lieu (Photo: VNA) Hanoi (VNA) – High rice import demand from Vietnam’s major markets in the second quarter is expected to help exporters continue good overseas shipments in the first three months of this year. Some foreign news sources reported that in late March, the State Logistics Agency of Indonesia (Bulog) signed contracts to purchase 300,000 tonnes of rice from Vietnam and 200,000 tonnes from Thailand. This is the third time Indonesia has imported rice since the beginning of 2018. Chairman of the Vietnam Food Association (VFA) Nguyen Ngoc Nam confirmed the report, saying that Bulog invited the Vietnam Northern Food Corporation and the Vietnam Southern Food Corporation to supply the rice. This contract will be carried out from April to July this year. The Philippines, another major market, is also planning to import rice in large amounts in the second quarter, the VFA said, adding … [Read more...] about Import demand continues boosting Vietnam’s rice export