Philippines, Africa rushed to sign contracts, Vietnamese rice exports in 2021 optimistic

According to the Department of Agro-Processing and Market Development (Ministry of Agriculture and Rural Development), the volume of rice exported in January 2021 is estimated at 280,000 tons with a value of US $ 154 million, down 29.5% in volume and 20.2% down. % in value over the same period in 2020. In January 2021, Vietnam's rice price increased slightly by 3 USD / ton compared to the end of December 2020, to 503 USD / ton and maintained at this level until the end of the month. Statistics show that the Philippines ranks first in Vietnam's rice export market in 2020 with 33.9% market share. Rice exports to this market in 2020 will reach 2.22 million tons and 1.06 billion USD, up 4% in volume and 19.3% in value compared to 2019. Outside the Philippines, in 2020, the The markets with a strong increase in rice export value are Indonesia (2.7 times higher) and China (up 92.6%) .On the contrary, the market with the strongest drop in rice export value in 2020 is Iraq ( 70% off). The ...