Vietnam: Rice exports shift towards reducing quantity and increasing quality
Rice
Vietnam
Published Jul 21, 2021
Tridge summary
According to data from the General Department of Customs, Vietnam's rice exports in June reached 436.1 thousand tons, down 30.4% over the previous month and down 3.1% compared to June 2020. Generally, in the first 6 months of the year, our country's rice exports reached 3.02 million tons, worth 1.6 billion USD, down 14% in volume and 4% in value over the same period last year.
Original content
Despite the decrease, Vietnam still ranks second in global rice exports because Thailand - the world's third largest rice exporter only exported 2.2 million tons of rice with a value of 1.38 billion USD in the first half. this year, down 21% in volume and 28.1% in value over the same period in 2020. According to President of the Thai Rice Exporters Association (TREA) Charoen Laothammathat, compared to the target set for the whole year. 2021 is 6 million tons with a value of 5 billion USD, Thailand can only export 5.7 million tons of rice this year. The strengthening Thai baht and drought have made Thai rice prices higher than many competitors, which has affected export sales in the first half of this year. Rice structure shifts to high-value-added rice In the first half of this year, Vietnam's export rice structure continues to shift to fragrant rice, high-quality rice with selling price and added value. higher. It is known that in the first half of 2021, the amount of fragrant ...
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