Vietnam's rice exports this year are forecast to decrease by 11.5% to approximately 8 million tons due to a sharp decline in exports to the Philippines, according to the Vietnam Food Association.
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Source: ricenewstoday.com Vietnam is the world's second-largest rice exporter, after India, with its main markets being the Philippines, Indonesia, and Africa. Rice exports to the Philippines, Vietnam's largest market, have been halted after Manila imposed a rice import ban in September to protect local farmers. The ban is set to last until the end of this year. "It is very likely that the ban will be extended," said Do Ha Nam, Chairman of the Vietnam Food Association. Rice exports from Vietnam to the Philippines have decreased by 18.5% in the first ten months of this year compared to the same period in 2024, down to 2.96 million tons, according to Vietnam Customs. Nam said that global rice demand remains high and Vietnam will seek to boost exports to other markets while focusing on producing higher quality rice. "We are not facing intense competition in the high-quality rice segment," Nam said, expressing confidence that export turnover will ...