Việt Nam will face difficulties in exporting rice in the short term due to obstacles in most major markets, such as China and the Philippines, according to the Ministry of Agriculture and Rural Development (MARD).
Viet Nam exported 4.01 million tonnes of rice worth US$1.73 billion in the first seven months of 2019, up 2.1 per cent in volume but down 14.3 per cent in value year-on-year.
Viet Nam exported 5.2 million tonnes of rice in the first 10 months of this year, earning US$2.6 billion, the Ministry of Agriculture and Rural Development (MARD) has reported.
Rice is a crop of global significance and a vehicle for economic prosperity and climate change adaptation and mitigation, delegates heard at the 2018 International Rice Congress, which opened in Singapore yesterday.
Viet Nam expects rice exports to regain strength by the end of the year after a brief lull, said Tran Van Cong, deputy director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
Viet Nam’s rice export value to Malaysia reached nearly US$122.4 million in the first five months of this year, a year-on-year increase of 177 per cent, according to the latest statistics from the Ministry of Industry and Trade.
Viet Nam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes.
Viet Nam earned US$1.1 billion by exporting 2.16 million tonnes of rice between January and April this year, up 35.7 per cent in value and 21.7 per cent in volume.
Viet Nam’s rice exports faced an unpredictable first quarter this year, increasing in January, declining in February and recovering in March, according to the Ministry of Agriculture and Rural Development.
The Ministry of Agriculture and Rural Development expects Viet Nam to export 6.5 million tonnes of rice in 2018, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said at the ministry’s monthly meeting on Friday in Ha Noi.
Viet Nam''s rice exports in 2018 are expected to increase by 400,000 tonnes from 2017’s number to reach 6 million tonnes, due to increased demand from Southeast Asia, especially from the Philippines, with China expected to be the country’s largest...