News

Vietnam: Rice exports hit a record

Rice
Vietnam
Published Aug 4, 2022

Tridge summary

According to the Ministry of Agriculture and Rural Development, although rice exports are quite competitive, Vietnamese products are still increasingly popular in the world market. In the past seven months, rice exports reached 4.19 million tons, equivalent to a value of more than 2 billion USD, up 20.5% in volume and 9% in value over the same period in 2021. This is a record high export level since In the group of rice import markets of Vietnam, the US is the country with the strongest increase, up 65.3% in the first half of the year. Next is the Philippines - Vietnam's largest rice consumption market, accounting for 44.5% of the market share - imports increased by 48.6% over the same period last year., In the first half of the year, the world's export rice prices average USD 489 per ton, down 10.2% over the same period in 2021. Vietnam's 5% broken rice is at $415-420 a ton. Exporters have reduced rice purchases from farmers, waiting for the peak harvest and waiting for buying signals from major markets such as the Philippines, China., Domestically, rice prices in the Mekong Delta provinces.. .

Original content

According to the Ministry of Agriculture and Rural Development, although rice exports are quite competitive, Vietnamese products are still increasingly popular in the world market. In the past seven months, rice exports reached 4.19 million tons, equivalent to a value of more than 2 billion USD, up 20.5% in volume and 9% in value over the same period in 2021. This is a record high export level since so far., In the group of rice import markets of Vietnam, the US is the country with the strongest increase, up 65.3% in the first half of the year. Followed by the Philippines - Vietnam's largest rice consumption market, accounting for 44.5% of the market share - imports increased by 48.6% over the same period last year., In the first half of the year, the world's export rice price averaged $489 a ton, down 10.2% over the same period in 2021. Vietnam's 5% broken rice was at $415-420 a ton. Exporters have reduced rice purchases from farmers, waiting for the peak harvest and waiting for ...
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