Vietnam exports over 1mln tonnes of rice in two months
More than one million tonnes of rice were exported in January and February at US$445 million, doubling that of 2015 in terms of volume and value.
The Ministry of Agriculture and Rural Development said the volume of rice exported in February is estimated at 523,000 tonnes for US$228 million.
The surge in rice exports is largely due to the Philippines and Indonesia strengthening rice imports and price increases of about 40%.
According to the Vietnam Food Association (VFA), the increase in rice exports was due to the fact that Vietnam’s rice exporters had to complete government-to-government deals with the Philippines and Indonesia.
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The Mekong Delta farmed about 1.54 million out of 1.56 million planned hectares in the winter-spring crop. Localities have harvested about 120,000 hectares with an average productivity of 6.3-6.4 tonnes per hectare.
In 2015,Vietnam exported 6.5 million tonnes for US$2.68 billion, a decrease of 3.94% in value. Asian countries were the main buyers, accounting for 74.5% of exports, followed by Africa (13.77%) and the US (6.72%).
