China reduces imports of glutinous rice but increases purchases of fragrant rice from Vietnam

Published 2022년 9월 9일

Tridge summary

Vietnam's rice exports to China, its second largest rice market, have seen a significant decrease of 27.5% in the first seven months of the year, primarily due to China's 'Zero COVID' policies and the resulting impact on demand for sticky rice. However, there has been a notable increase in China's imports of fragrant rice from Vietnam, along with Japonica and white rice. Meanwhile, India has emerged as the leading rice exporter to China, with Pakistan and Thailand also seeing increased imports. The article also highlights an increase in China's overall rice imports by 43.3% in the first seven months of the year, largely due to higher imports from India, Pakistan, Thailand, and Laos, and a decrease in imports from Vietnam and Myanmar.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data of the General Department of Vietnam Customs, China is currently the second largest rice consuming market of our country, however, rice exports to this market in the first 7 months of the year fell sharply by 27.5% in value. volume and decreased 28.2% in value over the same period last year, reaching only 466,225 tons with a value of USD 242.74 million. The fact that China maintains the policy of "Zero COVID" blockade to prevent epidemics has significantly affected the demand for sticky rice, the main export category of Vietnam to this market. It is known that glutinous rice is still the most exported type of Vietnam to China in the past 7 months with a volume of 223,464 tons, but compared to the same period, a sharp decrease of 53.1%. The share of sticky rice in Vietnam's total rice exports to China has fallen to 48% from 74% in the same period. Currently, Vietnam is the largest sticky rice exporter to China and at the same time this is also the number 1 ...

Source: Vinanet