The agriculture, forestry, and fisheries sector posted the highest growth among all economic sectors, reaching 10.52% in Q1, mainly due to bumper rice and corn harvests. Rice output surged by 51.45% while corn production rose by more than 39%.
Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Thailand’s rice output this year may drop by as much as 6% to 25.1 - 25.6 million tonnes due to impacts of the El Nino weather phenomenon, the Kasikorn Research Centre (KRC) forecast.
Thailand plans to export 7.5 million tonnes of rice this year, up from a previous target of 7 million tonnes, thanks to increased output and a weak baht amid global food insecurity.
Vietnam’s rice output topped 43.86 million tonnes in 2021, up 1.1 million tonnes year-on-year, according to the Ministry of Agriculture and Rural Development.
The northern region enjoyed record rice output and productivity in the 2020-2021 Winter-Spring crop, it was reported at an online review conference on May 28.
This summer-autumn crop, the Mekong Delta – Vietnam’s biggest rice granary – expects to harvest 150,000 tonnes of paddy more than last year, according to an official from the Ministry of Agriculture and Rural Development (MARD).
A conference on investment and start-up promotion will take place in the Mekong Delta province of Soc Trang on June 19, aiming to call for investments to the locality.
Vietnam’s rice output during the summer-autumn crop was estimated at 11.5 million tonnes, an increase of 127,500 tonnes, according to the Ministry of Agriculture and Rural Development.
The Mekong Delta region has completed harvesting this year’s winter-spring rice crop, with the total output reaching 9.62 million tonnes, down 361,000 tonnes as compared to the same crop last year.
Farmers in the northern region had bumper winter-spring crops with rice output estimated at 7.2 million tonnes thanks to prompt crop schedule adjustments.
The rice output of the winter-spring rice crop fell significantly due to drought and salination, but with an additional 200,000ha to be planted in the Mekong Delta, there will be enough rice exports.
Gross domestic product (GDP) expanded by 5.46 percent in the first quarter, slower than the 6.12 percent during the same period last year, according to the General Statistics Office (GSO).
Despite a larger scale of plantation, winter-spring rice crops grown in the south are estimated to yield just over 11.36 million tonnes of rice, a decrease of 190,000 tonnes compared with last year.
Thailand plans to produce about 25 million tonnes of rice in the 2016-2017 crop instead of the normal production output of between 31-32 million tonnes in the last periods.
Total rice output this year is estimated at 45.1 million tonnes, a 0.3 percent increase from 2014, according to the Ministry of Agriculture and Rural Development.
