Rice exports down in volume, up in price

Chart: T.Binh

According to the General Department of Vietnam Customs, in the first 15 days of March, the country exported 203,320 tonnes of rice and turnover reached more than US$111 million.

From the beginning of the year to March 15, the rice export volume reached 858,605 tonnes and the turnover is more than US$470 million.

Compared to the same period in 2020, the amount of rice exported fell by nearly 440,000 tonnes, the turnover decreased by more than US$130 million (in the same period of 2020 it reached 1,295,768 tonnes, the turnover was more than US$601 million).

Although total rice export volume decreased, the average value of rice exports increased sharply more than US$80/tonne (equivalent to about 2 million VND) compared to the same period last year.

The average of the first months of 2021 reached US$548/tonne, while the same period in 2020 was only US$464/tonne.

The main rice export markets of Vietnam are the Philippines, China, Malaysia, Hong Kong and Singapore.

In 2020, Vietnam exported nearly 6.25 million tonnes of rice, the turnover is US$3.12 billion, decreased by 1.9% in volume but up by 11.2% in value compared to 2019.