Vietnam targets 2 million tonnes of rice exports in the second quarter of the year, with 650,000 tonnes to be exported this month, according to the Vietnam Food Association.
Speaking to the press in HCM City on April 9, Pham Van Bay, VFA deputy chairman, said that businesses had exported 1.08 million tonnes of rice for a free-on-board (FOB) value of 529.8 million USD in the first quarter of the year.
This was a fall of 41.19 percent in volume and 40.15 percent in value compared to the same period last year.
The number of export contracts in the first two months of the year had fell considerably compared to the same period last year.
However, exports picked up in March, with export contracts increasing by 12 percent compared to March last year.
Asian countries have been the main buyers of Vietnamese rice during this period.
An increase in rice imports from China in the past few months has helped local exporters, with the figure expected to remain high until the end of the year, due to high demand.
Exports to Africa in the first three months accounted for 20 percent of the country's total rice exports, as stock fell in a number of countries there.
In addition, the price and quality of Vietnamese rice has been more competitive than other exporters, including India and Pakistan .
As for the national programme to stockpile one million tonnes of rice, Bay said enterprises had bought 693,894 tonnes of rice as of April 6. The programme is expected to end on April 15 instead of April 30 as previously scheduled.-VNA
Speaking to the press in HCM City on April 9, Pham Van Bay, VFA deputy chairman, said that businesses had exported 1.08 million tonnes of rice for a free-on-board (FOB) value of 529.8 million USD in the first quarter of the year.
This was a fall of 41.19 percent in volume and 40.15 percent in value compared to the same period last year.
The number of export contracts in the first two months of the year had fell considerably compared to the same period last year.
However, exports picked up in March, with export contracts increasing by 12 percent compared to March last year.
Asian countries have been the main buyers of Vietnamese rice during this period.
An increase in rice imports from China in the past few months has helped local exporters, with the figure expected to remain high until the end of the year, due to high demand.
Exports to Africa in the first three months accounted for 20 percent of the country's total rice exports, as stock fell in a number of countries there.
In addition, the price and quality of Vietnamese rice has been more competitive than other exporters, including India and Pakistan .
As for the national programme to stockpile one million tonnes of rice, Bay said enterprises had bought 693,894 tonnes of rice as of April 6. The programme is expected to end on April 15 instead of April 30 as previously scheduled.-VNA
