Rice Exports Surge

The Ministry of Agriculture and Rural Development estimated that Vietnam exported 603,000 tonnes of rice worth US$307 million in December, grossing 8.1 million tonnes valued at US$3.7 billion in the whole year, up 13.9 per cent in volume and 2.1 per cent in value year on year.

 

Rice price was lower than the start of the year. Export price averaged at US$457 per tonne in the first 11 months, down 10.4 per cent from a year earlier.

 

Vietnam saw big changes in rice export markets in 2012. China became the largest importer of Vietnamese rice with a 6.4-fold rise in volume and a 5.4-time rise in value. In contrast, many major markets slashed rice imports from Vietnam, including Indonesia, Singapore, Senegal, and the Philippines.