Illustrative image (Source: VNA) Hanoi (VNA) – Rice exports haveshown positive signals recently, with many firms winning bidding contracts,according to the Ministry of Industry and Trade (MoIT).
In the past few months, rice has been thefastest-growing currency earner among agro-forestry-fisheries products. FromJanuary-November, 5.7 million tonnes of rice was exported abroad, worth 2.86billion USD, a rise of 16.8 percentyear-on-year in terms of value.
The price of exported rice hit 504 USD pertonne on average in the past 10 months, up 12.3 percent annually. White riceaccounted for 51 percent of total rice export earnings, jasmine rice 32 percent,glutinous rice 12 percent and japonica rice 5 percent.
Tan Long Group won the right to export 118,000tonnes of rice to the Philippines on November 20, to go along with the firm’sother large export contracts to the Republic of Korea.
In the last three years, the number of Vietnam’srice export markets has increased from 60 to 150 countries and territories. Apartfrom traditional markets, more Vietnamese rice has gone to Latin American andMiddle East countries. Premium white and jasmine rice have started enteringdemanding markets, helping Vietnamese rice gain a presence across the world.
Despite falling demand in China, othermarkets saw growth in the last three years, such as Indonesia (65.8 times),Iraq (2.6 times), Hong Kong (up 71.1 percent), the Philippines (up 58.5percent) and Malaysia (up 17.2 percent).
The MoIT forecast that rice exports will bearound 6.2 million tonnes this year, up 6.6 percent annually, bringing homenearly 3.12 billion USD, up 18.5 percent year-on-year.
Between now and the year’s end, Indonesiaand the Philippines plan to import more rice via international bidding andgovernment contracts, while Egypt is forecast to buy 500,000 tonnes of rice atthe beginning of next year.
Recently, the MoIT’s Export-ImportDepartment partnered with the Trade Office of the Vietnamese Embassy in China’sGuangzhou and the Long An provincial Department of Industry and Trade to invite22 Chinese rice exporters to buy goods in Ho Chi Minh City and Long An Province.-VNA
In the past few months, rice has been thefastest-growing currency earner among agro-forestry-fisheries products. FromJanuary-November, 5.7 million tonnes of rice was exported abroad, worth 2.86billion USD, a rise of 16.8 percentyear-on-year in terms of value.
The price of exported rice hit 504 USD pertonne on average in the past 10 months, up 12.3 percent annually. White riceaccounted for 51 percent of total rice export earnings, jasmine rice 32 percent,glutinous rice 12 percent and japonica rice 5 percent.
Tan Long Group won the right to export 118,000tonnes of rice to the Philippines on November 20, to go along with the firm’sother large export contracts to the Republic of Korea.
In the last three years, the number of Vietnam’srice export markets has increased from 60 to 150 countries and territories. Apartfrom traditional markets, more Vietnamese rice has gone to Latin American andMiddle East countries. Premium white and jasmine rice have started enteringdemanding markets, helping Vietnamese rice gain a presence across the world.
Despite falling demand in China, othermarkets saw growth in the last three years, such as Indonesia (65.8 times),Iraq (2.6 times), Hong Kong (up 71.1 percent), the Philippines (up 58.5percent) and Malaysia (up 17.2 percent).
The MoIT forecast that rice exports will bearound 6.2 million tonnes this year, up 6.6 percent annually, bringing homenearly 3.12 billion USD, up 18.5 percent year-on-year.
Between now and the year’s end, Indonesiaand the Philippines plan to import more rice via international bidding andgovernment contracts, while Egypt is forecast to buy 500,000 tonnes of rice atthe beginning of next year.
Recently, the MoIT’s Export-ImportDepartment partnered with the Trade Office of the Vietnamese Embassy in China’sGuangzhou and the Long An provincial Department of Industry and Trade to invite22 Chinese rice exporters to buy goods in Ho Chi Minh City and Long An Province.-VNA
VNA
