Vietnam earns 2.2 billion USD from rice export this year
Vietnam exported an estimated 4.88 million tonnes of rice this year, earning 2.2 billion USD, down 25.8 percent in volume and 21.2 percent in value year-on-year.
Hanoi (VNA) –Vietnam exported an estimated 4.88 million tonnes of rice this year, earning2.2 billion USD, down 25.8 percent in volume and 21.2 percent in valueyear-on-year, according to the Ministry of Agriculture and Rural Development.
In December alone, 399,000 tonnesof rice worth 181 million USD were shipped abroad.
China remains the largest riceimporter of Vietnam with a market share of 35.9 percent. In the past 11 months,Vietnam shipped 1.61 million tonnes worth 722.2 million USD to the country,down 20.5 percent in volume and 11.7 percent in value from 2015.
Ghana is Vietnam’s second largestrice importer with an 11.1 percent market share.
Markets with strong drops inVietnamese rice imports are the Philippines (down 65 percent), Malaysia (48percent), the US (33 percent), Singapore (30.7 percent), Indonesia (22percent), the Ivory Coast (21.5 percent), and Hong Kong (19 percent).
The falling rice export is attributableto prolonging El Nino phenomenon in the central and Central Highlands, salineintrusion in the Mekong Delta, and flooding in the north, the central and theCentral Highlands.
Rice production this year decreasedin both cultivation area and output, particularly in the south.
The total rice output isestimated at 43.6 million tonnes, down 3.3 percent from last year.-VNA
Vietnam exported 432,000 tonnes of rice for 191 million USD in August, bringing the total volume and value in the first eight months of this year to 3.37 million tonnes and 1.51 billion USD.
Vietnam shipped abroad some 3.76 million tonnes of rice worth 1.69 billion USD between January and September, dropping 16.4 percent in volume and 12.5 percent in value from a year earlier.
Vietnam’s rice exports in the first ten months of 2016 reached 4.2 million tonnes, earning 1.9 billion USD in revenue, a year-on-year decrease of 21.2 percent in volume and 16.9 percent in value.
Vietnam exported 353,000 tonnes of rice for 156 million USD, raising total exported volume in January-November to 4.54 million tonnes with a value of 2 billion USD, reported the Ministry of Agriculture and Rural Development (MARD).
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Illustrative image (Source: VNA) 
