Vietnam exported 5.56 million tonnes of rice and brought home 2.43 billion USD in the first 10 months of 2019, up 6.1 percent in volume but down 9.1 percent in value over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
VOV.VN - Vietnam is facing a number of difficulties in branching out to new markets due to a sharp decline in rice demand from China, according to a trader in HCM City.
Vietnam exported more than 4.5 million tonnes of rice in the first nine months of this year for US$2 billion, up 19.6% in volume and 18% in value year on year, but its dependance on the Chinese market brings latent risks.
Vietnamese rice prices have recently increased in both domestic and foreign markets due to high demand and limited supply.
Vietnamese rice is being offered at around $35-$40 a ton below Thai grain.
Improving quality and building a national brand name for Vietnamese rice is essential to securing a firm foothold in the international market, experts have commented.
(VOV) - The Vietnam Food Association (VFA) forecasts rice exports in the second quarter of the year will continue to face fierce competition from Thai rice and domestic rice market fluctuations.
(VOV) - Vietnamese rice can hardly fetch higher prices on the global markets as it has no trademarks.
The price of rice in the world market has increased by US$70 per tonne compared to last month and looks like it will rise further, according to the Vietnam Food Association (VFA).
Farmers in the Mekong River Delta have harvested more than 1.6 million tonnes of rice from an area of 1.2 million ha, equal to an average productivity rate of 5 tonnes per ha.