Vietnam's rice exports may exceed 6.5 million tons
Rice
Vietnam
Published Sep 23, 2022
Tridge summary
Information at the Conference on preliminary production of the autumn-winter crop 2022, implementation of the production plan for the winter-spring crop 2022-2023 in the Southern region, organized by the Ministry of Agriculture and Rural Development (MARD) on September 22, at Can Tho. Mr. Nguyen Ngoc Nam - Chairman of the Vietnam Food Association (VFA) - information, in the first 8 months of 2022, Vietnam's rice exports reached nearly 4.8 million tons, bringing in a turnover of nearly 2.4 billion USD, an increase. nearly 21% in volume and nearly 10% in value over the same period last year.
Original content
The average export price reached nearly 500 USD/ton, down nearly 50 USD/ton compared to the same period last year. Regarding the market, the Philippines continues to be the No. 1 market and accounts for a large proportion of Vietnam's rice exports. In the first 8 months of this year, Vietnam's rice exports to this market reached nearly 2.4 million tons, with a value of more than 1 billion USD, an increase of more than 47% compared to the same period in 2021. According to Mr. Nguyen Ngoc Nam, the Philippines is a very important market and affects the situation of Vietnam's rice exports. Previously, when implementing a rice trade agreement with Vietnam, the Philippines used to buy 15-25% broken white rice. But after the country opened up to free imports, its traders focused on the high-quality, fragrant rice segment, which is also Vietnam's advantage because there is currently no rice exporting country to replace it, with such as Dai Thom 8, OM5451, OM18… “Because of the importance ...
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