Rice exports bring home 2.24 billion USD in nine months
Vietnam shipped abroad 586,000 tonnes of rice in September for 251 million USD, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and 2.24 billion USD, respectively.
Hanoi (VNA) – Vietnamshipped abroad 586,000 tonnes of rice in September for 251 million USD, pushingthe total rice export volume and value in the first nine months of this year to5.2 million tonnes and 2.24 billion USD, respectively.
According to the Ministry ofAgriculture and Rural Development (MARD), the figures represented a rise of 5.9percent in volume and a drop of 9.8 percent in value compared to the sameperiod in 2018.
The Philippines was the topmarket for Vietnamese rice in the first eight months of this year, consuming1.76 million tonnes worth 720 million USD, 2.9 times higher in volume and 2.6times in value over the same period last year.
Strong growth was also seen in othermarkets, including Australia (75 percent), Ivory Coast (nearly 35 percent), andHong Kong (nearly 35 percent).
The average rice price in thefirst eight months of 2018 fell 13.8 percent year on year to 435 USD per tonne.
White rice led the way in theperiod, accounting for 47 percent of total revenue, followed by Jasmine ricewith 39.8 percent.
According to the Agro Processingand Market Development Authority (AgroTrade) under the MARD, the PhilippineGovernment plans to diversify non-tariff measures to adjust rice importactivities.
At the same time, the Philippine Departmentof Agriculture has also proposed the application of a defence tariff onimported rice at between 30-65 percent, which may affect Vietnam’s rice exportsto the market in the future.
However, positive signals wereseen in the Japanese market, which is considering switching rice imports fromthe US to signature countries of the Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CPTPP), including Vietnam.
Meanwhile, Singapore has alsoshown more interest in rice from Southeast Asian countries such as Vietnam./.
This is a tough year for Thailand’s rice sector due to prolonged droughts in the northeast and strong baht (THB), said Honorary President of the Thai Rice Exporters Association Chookiat Ophaswongse.
The application of advanced technology in preservation and processing is the most important factor in Vietnam’s rice value chain, said Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences under the Ministry of Agriculture and Rural Development (MARD).
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Illustrative image (Source: VNA) 
