Bags of rice loaded onto a ship for export. (Photo: VNA) This broughtthe total volume of rice exported in the first four months of this year to 1.9million tonnes, worth 1.01 billion USD, down 10.8 percent in volume but up 1.2 percentin value year-on-year.
The AgroProcessing and Market Development Authority under the Ministry of Agricultureand Rural Development reported that the Philippines was the largest riceconsumption market of Vietnam in the first three months of this year with 36.3 percentmarket share.
The volumeand value to the market reached 411,580 tonnes and 219.96 million USD,respectively, down 30.7 percent in volume and 14.5 percent in valueyear-on-year.
Markets witha sharp increase in rice export value in the three months were Ivory Coast witha 2.7 times rise and Australia with year-on-year growth of 66 percent.
Amarket where the rice export value fell significantly was Mozambique (down53.5 percent). The average rice export price in the first three months reached 547.8USD per tonne, growing 18.6 percent over the same period last year.
Regardingthe types of rice, in the first three months of 2021, the export value of whiterice accounted for 39.3 percent of the total turnover; jasmine rice andfragrant rice accounted for 36 percent and sticky rice accounted for 22 percentand other types of rice made up about three percent.
On the worldmarket, Vietnam's rice price reached 508 USD per tonne at the beginning of lastmonth and fell to 488 USD per tonne at the end of the month.
The mainreason is because the winter-spring crop has been harvested, therefore, thedemand for raw materials dropped, waiting for the coming summer-autumn crop.
Poor weather conditions are forecast inmany parts of the world this year, resulting in a decrease in food productionin many countries, and demand for rice imports expected to increase this year.
The Europeanmarket is forecasted to be livelier thanks to the EU - Vietnam Free TradeAgreement (EVFTA), in which Vietnam is an important rice trading partner./.
VNA
