Vietnam’s rice shipments could hit 6.8 million tonnes
Vietnam’s rice exports are likely to reach 6.8 million tonnes in 2015, according to the Ministry of Agriculture and Rural Development’s Centre for Informatics and Statistics.
The figure was revised from the centre’s previous 6.02 million tonne forecast.
Vietnam saw continual year-on-year deceases in rice exports during the first 10 months of 2015 and has just recorded a rise in November.
The rebound is attributable to the country’s signing of rice export contracts with the Philippines (450,000 tonnes) and Indonesia (1 million tonnes) in October. The contracts, valid from October 2015 to March 2016, helped the rice export volume in October and November almost double that of the previous months.
Vietnam shipped abroad 6.24million tonnes of rice worth US$2.65 billion in the 11 months of 2015, up 3.6% in volume and down 4.9% in value from the same period last year.
Between January and October, China was still the biggest rice buyer of Vietnam, accounting for 34.49% of the total exported.
The rice volume destined for Malaysia climbed 2.24% to account for 8.7% of the exported, making the country Vietnam’s third largest rice importer. Ghana ranked fourth with a hike of some 9% in Vietnamese rice imports, followed by Ivory Coast (up 39%) and Indonesia (up 3.65%).
Meanwhile, rice shipments to China’s Hong Kong dropped 37%, the Philippines down 33%, Singapore down 35% and the US down 26%, data show.
Vietnam saw continual year-on-year deceases in rice exports during the first 10 months of 2015 and has just recorded a rise in November.
The rebound is attributable to the country’s signing of rice export contracts with the Philippines (450,000 tonnes) and Indonesia (1 million tonnes) in October. The contracts, valid from October 2015 to March 2016, helped the rice export volume in October and November almost double that of the previous months.
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| Rice sacks are loaded onto a truck at a food processing company in Ho Chi Minh City's Binh Chanh district (Photo: VNA) |
Vietnam shipped abroad 6.24million tonnes of rice worth US$2.65 billion in the 11 months of 2015, up 3.6% in volume and down 4.9% in value from the same period last year.
Between January and October, China was still the biggest rice buyer of Vietnam, accounting for 34.49% of the total exported.
The rice volume destined for Malaysia climbed 2.24% to account for 8.7% of the exported, making the country Vietnam’s third largest rice importer. Ghana ranked fourth with a hike of some 9% in Vietnamese rice imports, followed by Ivory Coast (up 39%) and Indonesia (up 3.65%).
Meanwhile, rice shipments to China’s Hong Kong dropped 37%, the Philippines down 33%, Singapore down 35% and the US down 26%, data show.