Many countries increased their purchases of Vietnamese rice

Rice

Vietnam

Market & Price Trends

Published Oct 10, 2023

Tridge summary

Indonesia's National Logistics Agency has announced a bid for 500,000 tons of imported rice, with 300,000 tons coming from Vietnam, Thailand, Myanmar, and 200,000 tons from Pakistan. This increase in purchasing has allowed Indonesia to surpass China as the second-largest buyer of Vietnamese rice. Additionally, the Philippines has resumed its rice imports from Vietnam after a month-long suspension due to a price ceiling, signaling a favorable market for Vietnamese rice exports.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Indonesia's National Logistics Agency (Bulog) has just announced a bid for 500,000 tons of imported rice, including 300,000 tons for supplies from Vietnam, Thailand, Myanmar and 200,000 tons from Pakistan. The winning bidder will deliver the goods to Indonesia before December 25. Due to the continuous increase in purchasing, Indonesia has now surpassed China, taking second place in terms of the country that buys the most Vietnamese rice. In the first 9 months of the year, this country imported 871,000 tons of rice from Vietnam, an increase of 16 times compared to the same period last year. Meanwhile, the Philippines - the country that imports the most Vietnamese rice - has also increased its purchases again after nearly a month of suspension due to a price ceiling on domestic rice. On October 4, the country lifted the price ceiling for conventionally milled and well-milled rice. Mr. Marcos - President and Minister of Agriculture of the Philippines - affirmed that this is the right ...

Source: VNExpress