Russian keen on Vietnamese rice
(VOV) - Rice exports to Russia saw a sudden increase in the 10 months leading up to November, up 2.02 times in volume and nearly 80% in value, according to the Ministry of Agriculture and Rural Development (MARD).
The MARD also reported that in November alone, the country shipped 885,000 tonnes of rice to get US$372 million, bringing the total rice export volume in 11 months to 6.24 million tonnes valued at US$2.65 billion, up 3.6% in volume but down 4.9% in value against the corresponding period last year.
The average export price dropped 7.4% to US$426.04 per tonne, said the MARD.
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China remained the top importer of Vietnam rice in 10 months, accounting for 34.49% of the market share. Exports to the market jumped 7.21% in volume but dipped 1.36% in value.
Markets with high growth included Malaysia (11.5% in volume and 2.24% in value), Ghana (34.5% in volume and 9.07% in value) and Ivory Coast (nearly 50% in volume and 39.07% in value).
Meanwhile exports to the following markets fell sharply, for example Philippines (down nearly 27% in volume and 33% in value), Singapore (37% in volume and 35% in value), Hong Kong (30% in volume and 37% in value) and the US (32% in volume and 26% in value).