Senegal a potential market for Vietnamese rice

Mar 6th at 08:12
06-03-2020 08:12:27+07:00

Senegal a potential market for Vietnamese rice

Viet Nam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Viet Nam Trade Office in Algeria said.

 

This year, Senegal's demand for imported rice is forecasted to be high because people are storing more food, including rice, during the serious outbreak of locusts in East Africa – which has destroyed crops – and the novel coronavirus epidemic, it said.

According to the US Department of Agriculture, Africa's rice demand in 2020 is estimated at 15.7 million tonnes. Of which, Senegal may have to import 1.3 million tonnes, it said.

In 2019, Viet Nam had strong growth in rice exports to Senegal compared to 2018, the trade office said. The exports reached 96,665 tonnes of rice, earning US$32.6 million, up 13 times in volume and 10.2 times in value year on year.

In this market, Vietnamese rice has to compete with rice from India, Pakistan, Thailand, China, Brazil, Argentina, Uruguay, the US, Malaysia and Cambodia.

It has also noted that according to the United Nations Food and Agriculture Organisation (FAO), Senegal in 2019 imported about 1.5 million tonnes of rice, an increase of 15 per cent compared to 2018 due to low rice supply in the domestic market.

About 90 per cent of rice imports to Senegal are broken rice. Senegalese people prefer broken rice due to its low cost, according to the trade office.

bizhub



NEWS SAME CATEGORY

Steelmakers hit hard by virus outbreak

Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of the novel coronavirus (COVID-19), which could well reach a...

Government campaign to push up low-cost smartphone segment

The Ministry of Information and Communications' plan to popularise smartphones among the entire 100 million Vietnamese populace may create a race to manufacture...

Vietnam's rice exports in spotlight despite decrease in acrerage

In February, Vietnam's rice exports increased by 32.6 per cent compared to the same time last year, despite troubles from the COVID-19 epidemic and natural...

Dragon fruit noodles? Firms create new food products as exports to China slump

The Viet Nam Flour Corporation (Vikybomi) has created new food products made from wheat flour and farm produce such as dragon fruit and watermelon amid a reduction...

Covid-19 brings losses to flower growers

Days before International Women’s Day (March 8) are often the best for flower sellers at Tay Tuu Flower Village in Ha Noi, but the continuing Covid-19 epidemic has...

Coal to remain key in Vietnam’s power expansion

Coal remains the most practical option in the near-term to stimulate affordable electricity generation growth at the pace and scale needed by the country, said...

Toyota recalls Vios and Corolla Altis in Vietnam to replace airbags

1,526 locally assembled Toyota Vios manufactured between September 13, 2007 and December 31, 2008 and 35 Toyota Corolla Altis cars produced between November 9, 2004...

Crypto smartphone sales exceed targets

UK-based Electroneum (ETN), a cryptocurrency, said its partnership with Cellcard to sell smartphones in the Kingdom has proven very successful.

Auto firm THACO enters motorbike market

Vietnam’s leading auto firm THACO has set up a company to make motorbikes, signaling its entry into a crowded market dominated by foreign players.

Nestlé Vietnam introducing premium quality Vietnamese coffee to the world

Nestlé Vietnam has introduced Nescafé Aromatico and Nescafé Excellente – the two latest products made of premium quality coffee beans sourced from the Central...

Commodity prices


MOST READ


Back To Top