Philippines remains Vietnam’s largest rice importer
 |
In the first nine months of this year, Vietnam shipped a record 5.55 million tonnes of rice worth US$2.56 billion, up nearly 12% in volume and 14.5% in value.
The price of Vietnamese rice in the first eight months reached US$470 per tonne, up 3% over the same period last year. The price hike was attributable to scanty supplies resulting from consecutive natural disasters in large rice consumers and exporters such as China, Thailand and Pakistan.
The Vietnam Food Association (VFA) forecast that Vietnam is likely to export 7.2 million tonnes of rice this year.
According to the MARD’s Cultivation Department, the country’s total rice output in 2010 is expected to exceed 39 million tonnes. Of which, around 1.5 million tonnes of rice will be reserved for exports.
At present, it is necessary to encourage rice exports as the domestic rice supplies are abundant, the department said. (VNA)
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- Levelling up green logistics requires a helping hand (April 24, 2024 | 14:19)
- MPI meets with Nvidia vice president to discuss AI and semiconductor cooperation (April 24, 2024 | 14:14)
- Negotiations over payment agreement for LNG power stuck in deadlock (April 23, 2024 | 18:02)
- Masan completes $250-million equity raise from Bain Capital (April 23, 2024 | 17:37)
- Amata City Ha Long marks six years of development (April 23, 2024 | 17:00)
- Taiwan's Giant Group to build $120 million bicycle factory in Binh Duong (April 23, 2024 | 15:02)
- Nvidia delegation to explore opportunities in Vietnam (April 23, 2024 | 08:30)
- China's BOE builds $275 million electronics factory in Ba Ria-Vung Tau (April 22, 2024 | 10:44)
- Suntory PepsiCo breaks ground on its largest Asia-Pacific plant in Vietnam (April 22, 2024 | 08:53)
- New Hope ceases Binh Dinh pig-breeding project (April 19, 2024 | 18:34)
Mobile Version