Illustrative image (Source: VNA) Hanoi (VNA) - Vietnam’s rice export has posted remarkable figures in the first half of 2018, and the sector expects business to get better in the remaining months of the year as the country’s traditional rice markets are increasing import. The latest statistics from the Ministry of Industry and Trade (MoIT) show that Vietnam exported 3.6 million tonnes of rice, earning 1.83 billion USD in the year’s two first quarters, up 26.2 percent in volume and 44.3 percent in value year-on-year. In June, Vietnam’s 5-percent broken white rice was sold at 450 USD/tonne, higher than that of India and Thailand, which were at 410 USD/tonne and 435 USD/tonne, respectively. China still remains the biggest importer of Vietnamese rice, accounting for 26 percent of the country’s total rice volume and export turnover, with 891,688 tonnes worth 474.84 million USD. However, rice export to this market suffered a 27.6 percent decrease in … [Read more...] about Rice export sees huge opportunities from traditional markets
Vietnamese rice exports
Vietnamese prestigious exporters honoured
Vietnamese rice exports. The Ministry of Industry and Trade has officially announced a list of 225 Vietnamese prestigious exporters for 2017. — Photo laodong.com.vn The Ministry of Industry and Trade has officially announced a list of 225 Vietnamese prestigious exporters for 2017, aimed at supporting local firms in promoting exports and expanding markets. The ministry last week promulgated Decision No 2523/QD-BCT to approve the list of local prestigious exporters for 2017. The vote was held in co-ordination with 51 units from the provincial departments of industry and trade, other ministries, sectors, associations and relevant agencies after publishing the list of exporters on the ministry’s website for selection. The list of exporters was chosen based on the proposals of relevant agencies, along with the ministry’s criteria of maximum export turnover, prestige with foreign partners, duties to the tax and customs sector and environmental protection. Notably, the … [Read more...] about Vietnamese prestigious exporters honoured
Rice exports to China plummet in H1
Rice exports to China plummet in H1By Trung Chanh Rice exports to China have slumped in volume. In a file photo, farmers are seen harvesting rice - PHOTO: TRUNG CHANH CAN THO – Rice exports to mainland China took a sharp plunge in volume in the first half of the year, particularly last month, following China’s stringent requirements on rice products. During the January-May period, rice exports to China reached 884,000 tons worth more than US$440 million, down by 21.1% in volume and 7.6% in value year-on-year, according to statistics from the Ministry of Agriculture and Rural Development. In June, however, China imported merely 48,000 tons of Vietnamese rice, a drop of 112,000 tons compared with the same period last year, falling behind even the lowest monthly shipment to this market in 2016, said Nguyen Dinh Bich, a rice market analyst. Despite the fall, China remained the largest rice importer of Vietnam, as the country's total rice export volume during the first … [Read more...] about Rice exports to China plummet in H1
Rice export upbeat in first half
Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s rice exports saw remarkable growth in the first six months of this year, with year-on-year increases of 24.6 percent in volume and 42.2 percent in value. In June alone, the country shipped abroad about 604,000 tonnes of rice worth 317 million USD, raising the first half’s figures to 3.6 million tonnnes and 1.8 billion USD, respectively. Vietnamese rice was sold at an average price of 505 USD per tonne in the first five months of the year, up 13.4 percent year-on-year. China remained the country’s largest rice importer, making up 30 percent of the market share, with more than 844,000 tonnes valued at 449.4 million USD. The value also increased in other markets like Iraq (25.7 times), Malaysia (2.8 times), the US (2.4 times), Hong Kong (China) (49 percent), the Philippines (37.9 percent) and Ghana (17.9 percent). Notably, Vietnam’s rice exports to Indonesia rose 290.8 times in volume and … [Read more...] about Rice export upbeat in first half
Vietnamese rice exports to Malaysia soar over last five months
Rice inventory for export of the Dong Thap food company (Photo: VNA) Kuala Lumpur (VNA) – Vietnam shipped close to 122.4 million USD worth of rice products to Malaysia in the first five months of 2018, surging 177 percent from the same period last year. The sharp growth pushed rice to fourth place among the top five Vietnamese exports to Malaysia between January and May. These exports, whose revenue all exceeded 100 million USD, included phones and their component parts; computers, electronic devices and components; steel and iron products; and glass products. Talking to the Vietnam News Agency on the morning of July 3, Vietnamese Trade Counsellor to Malaysia Pham Quoc Anh said the increase of Vietnamese rice exports is a result of the decrease in rice supply from other countries to Malaysia. Vietnamese firms took the opportunity to boost shipments of aromatic and glutinous rice, in which Vietnam has a price advantage, he added. He said improved rice trade promotion … [Read more...] about Vietnamese rice exports to Malaysia soar over last five months
Vietnam’s rice exports jump in first six months
Rice export revenue is expected to hit $40 billion this year as prices of Vietnamese rice exceeded their Thai and Indian peers. According to the Ministry, in June 2018, prices of rice in Thailand and India went down. However, in June, the export price of Vietnam’s five percent broken rice was US$450 per ton, higher than that of India with $410 and Thailand $435. The Vietnam Food Association and the Ministry of Industry and Trade said that in the middle of May, prices of Vietnam’s five percent broken rice hit $458-462 per ton and it was the highest prices within four past years. The Ministry of Industry and Trade explained the fall in rice prices of Thailand and India because there was a decline in demand from their traditional markets and the supplies exceeded the demand in its major markets while prices of India’s rice exports went down because of poor consumption in Africa and Bangladesh. For instance, the average price of paddy (IR50404) in the Mekong Delta … [Read more...] about Vietnam’s rice exports jump in first six months
Wide door for Vietnamese rice export
According to the General Department of Vietnam Customs, rice export grew 23.8 percent in volume to over 2.2 million tons, earning 1.11 billion USD, up 39.7 percent in value in the first four months of this year, a high figure over the past five years. It was partly attributable to Vietnam’s winning of rice export contracts, including 141,000 tons in January and 300,000 tons in April to Indonesia, which will be delivered from May - July. During May, a number of export contracts from the private sector are expected to be signed with hundreds of thousands of tons in volume. Photo: VOV In early May, Vietnam won another contract of shipping 130,000 tons of rice to the Philippines. Apart from traditional markets, new markets such as Bangladesh, Turkey and Iraq also posted Vietnamese rice import growth, increasing from 11to 91 times in volume and from 16 to 61 times in value. During May, a number of export contracts from the private sector are expected to be signed … [Read more...] about Wide door for Vietnamese rice export
Vietnamese rice exporters facing fierce competition this year
Vietnam’s rice exporters are facing tough price competition in foreign markets this year due to large inventories and low demand. Vietnamese rice exporters compelled to lower prices to boost sales Truong Thanh Phong, Chairman of the Vietnam Food Association (VFA) said at a recent meeting in HCM City that, due to a lack of big contracts and the drop in rice prices on the world market, Vietnam’s rice export revenues fell sharply in the first quarter compared to the same period last year. “The country’s rice export prices in January decreased by between USD20 and USD30 per tonne compared from last December. This is due to lower demand and price competition,” Phong said. Export prices of 5% broken rice fell to to only USD395 per tonne, USD40-50 per tonne lower than prices fetched by rice produced in India and Pakistan, he noted. According to him, Vietnam’s major rice export markets include China, Indonesia, the Philippines and African … [Read more...] about Vietnamese rice exporters facing fierce competition this year
Vietnamese rice earns high export in 2017
NDO – Vietnam's rice export recorded a good year in 2017 as export volume reached 6 million tonnes, thanks to an increased demand on the world market.According to experts, Vietnamese rice has expanded its export market towards high quality. However, in order to achieve the export target of 4.5-5 million tonnes per year during 2017-2020, there is still much work to be done.According to the Ministry of Agriculture and Rural Development (MARD), last year the country exported about 6 million tonnes of rice, valued at US$2.66 billion, up 22.4% in volume and 23.2% in value over the same period in 2016.MARD Deputy Minister Ha Cong Tuan affirmed that the result is a great success. In early 2017, experts predicted that the year would be difficult for rice export due to a range of challenges from unresolved issues in the rice markets to the negative effects of climate change on rice production. Therefore, the goal set by the rice sector in 2017 was to export only 5 million tonnes, but by … [Read more...] about Vietnamese rice earns high export in 2017
First Vietnamese Rice Festival rescheduled
Following the government’s guidance, the first Rice Festival 2009 will be held in the Mekong Delta province of Hau Giang from November 28 – December 2, two days later than previously announced. The festival will attract the participation of representatives from 10 countries and territories, the Food and Agriculture Organisation (FAO), and mass media organisations. There will be some 20 activities including a firework show and an international seminar on “Vietnamese rice exports and integration”. Source: VOV … [Read more...] about First Vietnamese Rice Festival rescheduled