Rice exports to China up in volume, value
(VOV) - Vietnamese rice exports to China increased 2.39% in volume and 4.94% in value during the first four months of the year, according to statistics from the Ministry of Agriculture and Rural Development.
Vietnam grossed US$392.46 million in revenues from shipping 913,957 tonnes to China, which accounted for 41.75% of the country’s total rice export volume in the four-month period.
The price of rice also rose 4.4%, hovering around US$456.19 per tonne on average.
Vietnam’s rice exports to Malaysia dipped 62.24% in volume and 61.8% in value, Ivory Coast down 52.3% and 46.55%, and Singapore down 31.71% and 30.7%.
The Vietnam Food Association (VFA) forecasts Vietnam's rice export markets will be shrinking this year due to tough competition from Thai rice.