Rice exports to China drop sharply

VCN - While the amount of rice exported to Southeast Asian markets increased sharply, the results in the Chinese market were the opposite.
Sketched by T.Bình
Sketched by T.Bình

According to the General Department of Vietnam Customs, in May, the country exported 856 thousand tons of rice, decreasing 14.6% compared to the previous month.

By the end of May, the country's exports reached 4.03 million tons, up 11.2% and total turnover reached US$2.56 billion, rising by 33.6% over the same period last year.

Regarding the market, Vietnam's rice is mainly exported to the ASEAN market with 2.96 million tons, accounting for 73% of the country's total rice volume and an increase of 36% over the same period last year. In particular, exports to the Philippines reached 1.83 million tons, an increase of 19.6%; Indonesia reached 677 thousand tons, a rise of 83.4%; Malaysia reached 338 thousand tons, a growth of 82.5%.

In contrast to the high growth momentum in ASEAN markets, Vietnam's rice exports to China decreased sharply, reaching only 203 thousand tons, reducing 67.8% over the same period last year.

Regarding export prices, according to the latest information from the Vietnam Food Association, Vietnam's export price of 5% broken rice is lower than that of the world's leading rice exporting countries.

On June 14, 2024, the price of 5% broken rice in Vietnam was US$570/ton, while this figure of Thailand was US$618 and Pakistan was US$583.

By Thái Bình/Thanh Thuy

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