Vietnam earned around 875 million USD from shipping nearly 2.1 milliontonnes of rice abroad in the first five months of 2015, postingyear-on-year declines of 10.7 percent in volume and 13.6 percent invalue, according to the Vietnam Food Association (VFA).
In May alone, the volume of rice exports posted a monthly decrease of19 percent, mainly as a result of pressure to sell inventory andlow-quality rice stemming from Thailand and India, the Nhan Dannewspaper quoted the source as saying.
According tothe VFA, the reasons are China’s adjustments to its import quotapolicies and limited transactions, even across the border, along withselling rice in stock of Thailand and India.
Asia remains the biggest rice importer continent from Vietnam with 1.45million tonnes, accounting for over 69 percent of the rice export value,followed by Africa and the Americas.
Last month,Vietnam secured a number of important contracts with key markets such asthe Philippines, Malaysia and Cuba while increasing its market sharesin the Pacific Ocean and Africa.
In 2014, Vietnamexported 6.32 million tonnes of rice and earned 2.8 million USD,becoming the third largest rice exporter in the world after Thailand andIndia, according to the VFA.
However, the countrywill face fierce competition in the coming time, which requires activemeasures to boost sales in traditional and major markets, said theImport and Export Department under the Ministry of Industry and Trade.-VNA
In May alone, the volume of rice exports posted a monthly decrease of19 percent, mainly as a result of pressure to sell inventory andlow-quality rice stemming from Thailand and India, the Nhan Dannewspaper quoted the source as saying.
According tothe VFA, the reasons are China’s adjustments to its import quotapolicies and limited transactions, even across the border, along withselling rice in stock of Thailand and India.
Asia remains the biggest rice importer continent from Vietnam with 1.45million tonnes, accounting for over 69 percent of the rice export value,followed by Africa and the Americas.
Last month,Vietnam secured a number of important contracts with key markets such asthe Philippines, Malaysia and Cuba while increasing its market sharesin the Pacific Ocean and Africa.
In 2014, Vietnamexported 6.32 million tonnes of rice and earned 2.8 million USD,becoming the third largest rice exporter in the world after Thailand andIndia, according to the VFA.
However, the countrywill face fierce competition in the coming time, which requires activemeasures to boost sales in traditional and major markets, said theImport and Export Department under the Ministry of Industry and Trade.-VNA
