Many countries' imports of Vietnamese rice increased dramatically

Published 2023년 9월 13일

Tridge summary

Vietnam's rice exports have seen significant growth in both volume and value, with August sales reaching 921,000 tons worth $546 million, a 40% increase in volume and 51% increase in value compared to July. The Philippines remains the largest customer, accounting for 38.9% of total export turnover, followed by China. Indonesia has also emerged as a major buyer, importing 718,266 tons of rice, a 1,505% increase in value compared to the same period last year. The surge in demand is due to supply shortages from other countries like India, as well as adverse weather conditions affecting rice production globally. However, concerns arise over potential supply shortages in Vietnam and disruptions caused by brokers in the market. In addition, the export and domestic prices of rice have recently decreased.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest preliminary data from Customs shows that in August, Vietnam sold 921,000 tons of rice, with a turnover of 546 million USD, an increase of 40% in volume and 51% in value compared to July. Accumulated in 8 months, our country exported nearly 6 million tons of rice, turnover reached nearly 3.2 billion USD, an increase of 21% in volume and 35% in price. The Philippines is still the largest customer, reaching nearly 1.23 billion USD, an increase of 16%, accounting for 38.9% of the total export turnover of this product. Next is China, reaching 452 million USD, an increase of 67.9% over the same period in 2023. In addition to the above two countries, Indonesia rose from 8th position to the top 3 countries buying Vietnamese rice with record growth. In the past 8 months, this country imported 718,266 tons of rice, reaching 361.2 million USD, an increase of 1,505%. According to the Vietnam Food Association (VFA), many countries around the world have increased imports of ...
Source: VNExpress

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