China's increased demand for rice import is a good opportunity for Vietnam

Currently, China is in need of increased rice imports due to strong domestic prices and adverse weather. China's import demand will be a good opportunity for Vietnam in the coming time. China is one of the largest rice consumers in the world. According to the latest report from the US Department of Agriculture (USDA), China's milled rice production in 2022/2023 is forecast at USD 148M/mt. China's rice imports in 2022/2023 are forecast at 5M/mt.