Vietnam: Rice exports decrease due to excessive redirection?
Rice
Vietnam
Published May 18, 2021
Tridge summary
According to the General Statistics Office, the amount of rice exported in April reached 700,000 tons, up 31.7% over the same period, with a turnover of 362 million USD and up 36.6%. Accumulated four months of rice exports reached 1.89 million tons, down 10.8% over the same period, export turnover was $1.01 billion and down 1.2%.
Original content
The average export price of rice in April was only $518/ton, down 6.2% from the record of $552/ton in January and only up 3.8% over the same period. The reason that rice exports in April accelerated over the same period last year was because this time last year, the export was temporarily suspended. However, that sudden increase was not enough to "save" export volume in the first four months of the year, which is most likely due to the shift to production and export of fragrant rice and sticky rice for high value. than white rice, although it is the right direction, it seems to have been a bit overdone. Statistics of the US Department of Agriculture (USDA) show that our country's rice exports in the past four months have decreased mainly because white rice exports to the Asian market area decreased. Specifically, of 1.19 million tons exported in the first quarter, white rice reached 532,000 tons, down 38.1% over the same period, while fragrant rice and sticky rice reached 625,000 ...
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