Vietnam ships 638,000 tonnes of rice abroad in Jan-Feb

Vietnam exported 638,000 tonnes of rice worth US$352 million in the first two months of 2021, down 31.4% in volume and 18.3% in value year-on-year.

The average export price of rice in the period was US$551.7 per tonne, up 13.5% compared to the same period last year.

The Philippines remains the largest importer of Vietnamese rice, with a 47.6% market share. Rice exports to this market reached nearly 170,000 tonnes valuing at US$91.4 million in the period, increasing by 25.6% in volume and 48.9% in value.

Vietnam also witnessed significant export growths in others markets, including Ghana (up 3.13 times), China (up 2.8 times), and Australia (up 2.6 times).

The country exported 6.15 million tonnes of rice for US$3.07 billion last year.

Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exporters quickly made appropriate adjustments and actively sought new markets while fully 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 inroads into choosy markets in the world.