Vietnam sees slight rise in rice exports in August
Vietnam’s rice export volume totalled 627,089 tonnes in August, an increase of 1.87 percent compared to July and 1.4 percent compared to the same period last year.
Vietnam’s rice export volume totalled 627,089 tonnes in August, anincrease of 1.87 percent compared to July and 1.4 percent compared tothe same period last year.
According to the Vietnam FoodAssociation (VFA), the average price during this period was 431.1USD/tonne, representing a year-on-year increase of 6.47 USD per tonne.
Thecountry exported 4.243 million tonnes at an average price of 431.38 USDper tonne during the first eight months of 2014, up 2.95 USD per tonnecompared to the January-August period of 2013.
Vietnam’s largest customer in August was the Philippines, followed by African countries, China, Malaysia and Indonesia.
Ricegrowers in the country’s granary Mekong Delta had an outstandingsummer-autumn crop harvest at a time when prices for rice were high,Huynh The Nang, General Director of the Southern Food Corporation(Vinafood II), said.
Nang also revealed that Vinafood II won abid to export 500,000 tonnes of rice to the Philippines in the nearfuture, affirming that the price for rice is expected to remain attoday’s level.
According to VFA, Vietnamese rice producersaim to export 650,000 tonnes of rice in September. In the last 2014quarter, they hope to export 1.4 million tonnes of rice, bringing thecountry’s annual rice export volume to 6.3 million tonnes.-VNA
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