Vietnam ships 638,000 tonnes of rice abroad in Jan-Feb
Vietnam exported 638,000 tonnes of rice worth 352 million USD in the first two months of 2021, down 31.4 percent in volume and 18.3 percent in value year-on-year.
Vietnam ships 638,000 tonnes of rice abroad in Jan-Feb. (Photo: VNA)
Hanoi (VNA) – Vietnam exported 638,000tonnes of rice worth 352 million USD in the first two months of 2021, down 31.4percent in volume and 18.3 percent in value year-on-year.
The average export price of rice in the period was 551.7 USD per tonne, up 13.5percent compared to the same period last year.
The Philippines remains the largest importer of Vietnamese rice, with a 47.6percent market share. Rice exports to thismarket reached nearly 170,000 tonnes valuing at 91.4 million USD in theperiod, increasing by 25.6 percent in volume and 48.9 percent in value.
Vietnam also witnessed significant exportgrowths in others markets, including Ghana (up 3.13 times), China (up2.8 times), and Australia (up 2.6 times).
The country exported 6.15 million tonnes ofrice for 3.07 billion USD last year.
Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exportersquickly made appropriate adjustments and actively sought new markets whilefully tapping into the advantages brought about by free trade agreements (FTA)that Vietnam joined.
FTAs had created a major opportunity for Vietnamese rice to make inroadsinto choosy markets in the world./.
High hopes are pinned on Vietnam’s rice export in the early months of 2021 after the price of its 5-percent broken rice exceeded 500 USD per tone last year, the highest since the end of 2011.
The Philippines was the top importer of Vietnamese rice in 2020, purchasing 2.22 million tonnes worth 1.06 billion USD, a year-on-year surge of 4 percent in volume and 19.3 percent in value, according to the General Department of Vietnam Customs.
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High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.
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Vietnam ships 638,000 tonnes of rice abroad in Jan-Feb. (Photo: VNA) 
