VN earns $2.2b from rice export this year
VN earns $2.2b from rice export this year
Viet Nam exported an estimated 4.88 million tonnes of rice this year, earning US$2.2 billion, down 25.8 per cent in volume and 21.2 per cent in value year-on-year.
This was revealed by the Ministry of Agriculture and Rural Development.
In December alone, 399,000 tonnes of rice worth $181 million were shipped abroad.
China remains the largest rice importer of Viet Nam with market share of 35.9 per cent. In the past 11 months, Viet Nam shipped 1.61 million tonnes worth $722.2 million to China, down 20.5 per cent in volume and 11.7 per cent in value from 2015.
Ghana is Viet Nam’s second largest rice importer with an 11.1 per cent market share.
Markets with strong drops in Vietnamese rice imports are the Philippines (down 65 per cent), Malaysia (48 per cent), the United States (33 per cent) and Singapore (30.7 per cent), as well as Indonesia (22 per cent), the Ivory Coast (21.5 per cent) and Hong Kong (19 per cent).
The decline in rice export is attributed to the prolonged El Nino phenomenon in the central and Central Highlands, saline intrusion in the Mekong Delta and flooding in the north, central and Central Highlands.
Rice production this year decreased in both cultivation area and output, particularly in the south.
Total rice output is estimated at 43.6 million tonnes, down 3.3 per cent from last year.
