Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May, declining 20.7 percent in value and 4 percent in volume as compared to the same time last year, the Ministry of Agriculture and Rural Development said.
Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May. (Photo: VNA)
Hanoi (VNA) – Vietnam earned 1.21 billion USDfrom exporting an estimated 2.83 million tonnes of rice during January-May,declining 20.7 percent in value and 4 percent in volume as compared to the sametime last year, the Ministry of Agriculture and Rural Development said.
Accounting for 35.9 percent of the market share, the Philippines was the largestimporter of Vietnamese rice in the first four months of the year. Vietnamshipped 814,500 tonnes of rice to the country for 320.5 million USD, up 4.4times in volume and 3.9 times in value from the same time in 2018.
Strong growth was also seen in rice shipments to Angola (up 5.2 times), China’sHong Kong (up 91.9 percent), the Ivory Coast (up 73.3 percent), and Russia (up29.3 percent).
White rice accounted for the largest proportion of total exports with 50.5percent, followed by Jasmine rice and fragrant rice (34.1 percent), sticky rice(8.1 percent) and japonica rice and Japanese rice (7.1 percent).
According to the Ministry’s Agro Processing and MarketDevelopment Authority, falling prices in global market affected Vietnamese ricevalue.
Experts forecast a grim prospect for the rice market due to falling demand inAsia. Meanwhile, it is hard for Mekong Delta rice to increase its price as theregion is in the middle of harvest time of the summer-autumn crop.-VNA
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Vietnam – though not by much.
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Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May. (Photo: VNA) 
