Rice export value of Vietnam increased by more than 30 percent

Published 2023년 3월 29일

Tridge summary

In March 2023, Vietnam's rice exports reached 900 thousand tons, valued at 480 million USD, making the total rice export volume and value for the first quarter of 2023 1.79 million tons and 952 million USD, marking a 9.2% increase in average export price over the same period in 2022. The Philippines was the largest consumer of Vietnamese rice in the first two months of 2023, accounting for 43.3% of the market share. Domestically, rice prices in the Mekong Delta region fluctuated, with some areas experiencing price drops due to harvesting, while other areas saw increases. The southern and northern rice markets were stable, with slight price decreases in some areas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Specifically, exports in March 2023 were estimated at 900 thousand tons, valued at 480 million USD, bringing the volume and value of rice exports in the first 3 months of 2023 to 1.79 million tons and 952 million USD. The average export price of rice in the first 3 months of 2023 is estimated at 531 USD/ton, up 9.2% over the same period in 2022. Philippines is Vietnam's largest rice consumption market in the first 2 months of 2023 with 43.3% market share. Rice exports to this market in the first two months of 2023 reached 401.98 thousand tons and 204.69 million USD. In the first 2 months of 2023, the market with the highest increase in rice export value is Indonesia (304.6 times). In the domestic market, the price of fresh rice fluctuates between localities in the Mekong Delta. IR50404 normal rice in An Giang is currently priced at 5,900 VND/kg, down 400 VND/kg compared to February 2023; high quality rice OM 5451 at 6,100 VND/kg, down 300 VND/kg. In Kien Giang, the price of rice ...
Source: Baochinhphu

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