The total volume of exported rice from Vietnam this year isestimated to reach 7.5 million tonnes, according to the Vietnam FoodAssociation (VFA).
The association has forecastthat 2.2 million tonnes will be shipped abroad in the third quarter and1.8 million in the fourth quarter.
The VFA presented the figures during a July 5 conference in the Mekong Delta city of Can Tho .
It said that based on stockpiles and the output of the recent crops,the total volume of rice waiting to be sold is 5.3 million tonnes.
It was also reported that the country’s accumulative amount ofexported rice in the first six months of this years is nearly 3.5million tonnes, worth 1.5 billion USD, representing a year-on-year riseof 2.55 percent in volume, but a 2.04 percent decline in value due tofalling prices.
The total rice inventory is now over 1.65 million tonnes, the VFA added.
Obvious changes were seen in the rice export market during theJanuary-June period, with a decrease in orders from traditional markets.Asia was still the largest destination for Vietnamese rice, accountingfor 61.95 percent (down 6.6 percent), followed by Africa with 23.74percent (up 1.32 percent).
In the first six monthsof this year, rice export was higher than recorded in the same periodfrom 2012, but still lower than expected due to the marketunderperforming in June.
Consecutive drops in pricealso affected the first half of this year, with value decreasing from410 USD per tonne in January to 365 USD per tonne now.
Meanwhile, Vietnam has also began implementing a plan set by the PrimeMinister to hoard up to one million tonnes of rice for this year, theassociation confirmed.-VNA
The association has forecastthat 2.2 million tonnes will be shipped abroad in the third quarter and1.8 million in the fourth quarter.
The VFA presented the figures during a July 5 conference in the Mekong Delta city of Can Tho .
It said that based on stockpiles and the output of the recent crops,the total volume of rice waiting to be sold is 5.3 million tonnes.
It was also reported that the country’s accumulative amount ofexported rice in the first six months of this years is nearly 3.5million tonnes, worth 1.5 billion USD, representing a year-on-year riseof 2.55 percent in volume, but a 2.04 percent decline in value due tofalling prices.
The total rice inventory is now over 1.65 million tonnes, the VFA added.
Obvious changes were seen in the rice export market during theJanuary-June period, with a decrease in orders from traditional markets.Asia was still the largest destination for Vietnamese rice, accountingfor 61.95 percent (down 6.6 percent), followed by Africa with 23.74percent (up 1.32 percent).
In the first six monthsof this year, rice export was higher than recorded in the same periodfrom 2012, but still lower than expected due to the marketunderperforming in June.
Consecutive drops in pricealso affected the first half of this year, with value decreasing from410 USD per tonne in January to 365 USD per tonne now.
Meanwhile, Vietnam has also began implementing a plan set by the PrimeMinister to hoard up to one million tonnes of rice for this year, theassociation confirmed.-VNA
