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Rice export prices surge amid high demand

Prices of rice exports have been surging in recent time due to high demand from some markets such as Malaysia, the Republic of Korea (RoK), the Philippines, and Indonesia, according to the Vietnam Food Association.
Rice export prices surge amid high demand ảnh 1Rice for export (Photo: VNA)

Hanoi (VNA) – Prices of rice exportshave been surging in recent time due to high demand from some markets such as Malaysia,the Republic of Korea (RoK), the Philippines, and Indonesia, according to theVietnam Food Association.

Malaysia has agreed to purchase 90,000 tonnes ofthe grain from Vietnam and will import more in the coming time and the RoK hasgiven a quota of 55,112 tonnes of the food for Vietnam this year.

Meanwhile, the Philippines has been importing alarge amount of rice from Vietnam since December 2019. It was the world’sbiggest importer of the goods in 2019 and is forecast to maintain this topposition in 2020 with the purchase of 2.6 million tonne.

A working delegation from the Philippines’Ministry of Agriculture is scheduled to visit Vietnamese rice processingfacilities in preparation for further import from Vietnam.

Indonesia aims to import about 1 million tonnesof rice this year, up 700,000 tonnes compared to 2019.

MainlandChina used to be Vietnam’s biggest rice market for many years, but in 2019, exportsto the country declined sharply by 64.2 percent, due to the impact of the acuterespiratory disease caused by SARS-CoV-2 (COVID-19)./.
VNA
#rice exports #prices #high demand #Malaysia #the Republic of Korea (RoK) #the Philippines #Indonesia #SARS-CoV-2 #COVID-19 #Vietnamplus #Vietnam News Agency
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