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Last updated: Monday, November 12, 2018

 

Vietnamese Rice Exports In 2018 Could Hit 6.5 Million Tonnes

Posted: Monday, March 05, 2018


Vietnam’s rice export volume in 2018 is likely to reach 6.5 million tonnes, an agricultural sector official has stated, citing the strong performance in the first two months of the year.

According to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, Vietnam shipped 861,000 tonnes during the January-February period, bringing in US$419 million, up 17 per cent in volume and 34 per cent in value.

He added that the Philippines remain the largest buyer of Vietnamese rice, accounting for 26.9 per cent, followed by China with 23.5 per cent of the total Vietnamese rice exports.

In addition to selling a greater volume, Vietnamese exporters also saw higher prices at US$475 a tonne, compared with US$435 in 2016 and US$450 in 2017.

The deputy minister attributed the higher export prices to the better quality of rice.

Currently, high-quality rice, including glutinous, fragrant and jasmine varieties, accounts for more than 80 per cent of Vietnam’s total rice exports.

In 2017, Vietnam shipped 5.8 million tonnes of rice, earning US$2.6 billion.

NDO








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