Vietnam: Rice market news October 2020

Published Nov 11, 2020

Tridge summary

Vietnam exported an estimated 300,000 tons of rice in October 2020, generating $161 million in revenue, making the total rice export volume and value for the first 10 months of 2020 5.29 million tons and $2.61 billion, respectively. Despite a 4% decrease in volume, the value increased by 8% compared to the same period in 2019. The Philippines was the leading market, with a 34.5% share, followed by Indonesia and China. The average export price was $490.6 per ton, up by 12.7% year-on-year. Notably, rice prices in the domestic market fluctuated due to heavy rains and flooding in the Mekong Delta, causing delays in harvest and increasing prices, while in Bac Lieu, the harvest of Summer-Autumn rice has ended.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: Ministry of Agriculture and Rural Development The volume of rice exported in October 2020 is estimated at 300,000 tons with a value of $ 161 million, bringing the total volume and value of rice exports in the first 10 months of 2020 to 5.29 million tons. and 2.61 billion USD, down 4% in volume but up 8% in value over the same period in 2019. In the first 9 months of the year, the Philippines ranked first in Vietnam's rice export market with 34.5% market share, reaching 1.81 million tons and 843.48 million USD, down 3.9% in volume but up 9.2% in value over the same period in 2019. In the first 9 months of 2020 , the markets with a strong increase in rice export value were: Indonesia (3.2 times higher than 75.9 thousand tons and 41.8 million USD) and China (up 75.4% to 576.6 thousand tons and 338.3 million USD); The market with the strongest decline in rice export value is Iraq (down 65.6% to 90.0 thousand tons and 47.8 million USD). The average export rice price in the ...
Source: AgroInfo.vn

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