Rice exports are calm, the Food Association calls for businesses to remain calm

According to preliminary data from the Customs Department, in September, Vietnam exported 466,800 tons of rice, valued at 232.38 million USD, a sharp decrease of 46.2% in volume and 46.8% in value compared to the previous month. In the past 9 months, rice exports reached over 6.82 million tons, equivalent to 3.49 billion USD, a decrease of 2% in volume and a decrease of up to 20% in value compared to the same period in 2024. The Philippines - Vietnam's largest rice export market - announced a temporary suspension of imports for 60 days, from September 1, causing the volume of rice exported to this country to decrease by 93.3% in volume and 92.6% in value compared to August. After 9 months, this country imported 2.94 million tons of Vietnamese rice, valued at 1.45 billion USD, a decrease of 8.7% in volume and a decrease of 26.9% in value compared to the same period last year. However, the decline is not only occurring in Vietnam but also spreading across the global rice market. ...