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Rice export target set at 5.2 million tonnes in 2017

The Vietnam Food Association aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes.
Rice export target set at 5.2 million tonnes in 2017 ảnh 1The Vietnam Food Association aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes. (Photo: VNA)

HCM City (VNA) – The Vietnam Food Association (VFA) aims to ship 2million tonnes of rice to foreign countries in the last five months of theyear, increasing total rice export for the whole year to 5.2 million tonnes, up6 percent year-on-year.

Vietnam exported an estimated 3.24 million tonnes of rice at FOB value of 1.4billion USD in the past seven months, representing an increase of 11 percent involume and 11.4 percent in value over the same period last year.

Julyalone saw 584,000 tonnes of rice sold abroad for more than 240 million USD,which was the highest monthly volume so far this year, with most of the riceshipped to China, Bangladesh and Africa.

China remains Vietnam’s top rice importer, accounting for 40.65 percent of the totalrice export, followed by the Philippines, Malaysia and Singapore. Shipments toAfrica experienced a slight rise, making up 15.3 percent of the market share.

The VFA forecast that the global rice market will be led by high demand fromMalaysia, Bangladesh, the Philippines and Sri Lanka. However, large riceexporters like Thailand, India and Pakistan are entering their main cropharvest, which will affect the rice market in the coming time.-VNA
VNA
#Vietnam Food Association #5.2 million tonnes #rice export #FOB value #rice market #China #top rice importer
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