Vietnam’s rice exports dwindle 18.4% in seven months

Vietnam exported 2.93 million tonnes of rice with a value of 1.32 billion USD in the first seven months of the year a year-on-year plunge of 18.4 percent in volume and 14.4 percent in value according to the Ministry of Agriculture and Rural Development MARD.
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tin nhap 20160809101432 Tough times for Vietnam's rice exports
tin nhap 20160809101432 Rice export slumps in second quarter
tin nhap 20160809101432
Vietnam exported 2.93 million tonnes of rice with a value of US$1.32 billion in the first seven months .

Low rice production, caused by drought and saline intrusion in the Mekong Delta region, led to the fall in exports, the MARD said.

Besides, a significant decline in rice consumption were seen in such traditional markets as the Philippines (54.3%) and Malaysia (59.2%).

China remained the largest importer of Vietnamese rice, accounting for 35% of the market share. Indonesia was second with 11.6%.

The country’s rice export is estimated to fall to 5.65 million tonnes in 2016, down 14% against the previous year and 800,000 tonnes lower than initial forecasts. This stems from decreases in production and fierce competition from other exporters like Thailand and India.

tin nhap 20160809101432 Vietnam's 2016 drought-hit rice output to fall 1.5 percent: government official

Vietnam's rice paddy output will likely fall this year for the first time since 2005 following the ...

According to the Vietnam Food Association (VFA), this is the first time since 2009 Vietnam’s rice exports may fall below 6 million tonnes.

Source: Vietnam News

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