Vietnam’s rice exports dwindle 18.4% in seven months
Slowly uptake by enterprises for import licences for crops and plants in "National Single Window" | |
Tough times for Vietnam's rice exports | |
Rice export slumps in second quarter |
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.
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.
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