ex. Game, Music, Video, Photography

Vietnam’s rice exports fall as average price rises

As exports to many markets dropped, Vietnam managed to see better prices in 2016.

Ngày đăng: 14 tháng 9, 2021
Cập nhật: 25 tháng 12, 2022
Lượt xem: 311746579
Nguồn: vnexpress

Vietnam sold 368,000 tons of rice abroad for a total of $164 million, in October, raising total rice exports to $1.9 billion (4.2 million tons), according to the statistics from the Ministry of Agriculture and Rural Development.

Rice exports fell 21.2 percent in quantity and 16.9 percent in value compared to the previous year. However, average rice exports in the first nine months of the year managed to fetch $449/ton, up 4.8 percent year-on-year.

The decline in consumption can be traced back to a decrease in imports from many markets.

China, Vietnam's biggest customer, only imported 1.35 million tons (equal to $613.8 million), down 23 percent in quantity and 13.9 percent in value year-on-year.

Vietnam also suffered from a drop in rice export values from other countries such as the Philippines (47.8 percent), Malaysia (47.4 percent), Singapore (34.6 percent), the U.S. (32 percent), the Ivory Coast (25.2 percent) and Hong Kong (11.4 percent).

However, dramatic growth in other markets softened those declines.

Indonesia, the fourth biggest buyer of Vietnamese rice, imported 359,400 tons ($142.5 million), a 22.5 fold annual increase, in terms of quantity.

Angola more than quadrupled its annual imports. Ghana, the second-biggest importer behind China with 11 percent of the market share, purchased 387,700 tons in the last nine months at $189.6 million -- a 36.2 percent increase in value year-on-year.

According to the Vietnam Food Association (VFA) Ghana consumes around 1.6 million tons of rice per year and the country depends on imports to cover more than half of that amount. Among its suppliers, Vietnam offers lower prices than Thailand and India.

VFA said the country must turn to Africa to ease dependence on the highly competitive Chinese market, where border trade management has tightened.

The organization also announced that the Philippines will import 293,100 tons of rice from Vietnam to accommodate demand in 2017. This presents a chance for Vietnamese companies to improve rice sales during this difficult time.

VFA lowered its annual forecast for rice exports for the first time in eight years. Shipments for the whole year are now expected at around 5.6 million tons, compared to last year's 6.6 million tons.

Related news:

> In Africa, Vietnam's rice exporters see a rising market

> Vietnamese rice struggles to find buyers

> Vietnam rice exports shrink to seven-month low in July


Từ vựng liên quan

Tin tức liên quan

Beijing says should be no
world 13/09/2021

Beijing says should be no 'South China Sea' talk at Asia-Europe summit

world | 305696581

ASEM takes place soon after key court ruling on S.China Sea.

 November auto sales rise to year high as government halves registration fee
business 13/12/2021

November auto sales rise to year high as government halves registration fee

data-speaks | 359886567

November saw the highest monthly auto sales this year of 38,656 units as a discount in registration fees sent buyers scrambling to dealers’.

JD.com widens Southeast Asia presence by investing in Vietnam
business 13/09/2021

JD.com widens Southeast Asia presence by investing in Vietnam's Tiki.vn

business | 309406565

JD.com will become one of Tiki’s largest shareholders alongside VNG.

 Vietnam begins production of Sputnik V vaccine
news 25/09/2021

Vietnam begins production of Sputnik V vaccine

news | 337916570

Vietnamese pharmaceutical company Vabiotech started mass production of the Sputnik V coronavirus vaccine Friday, using semi-finished material shipped from Russia, the company's representative told VnExpress.

Swedish police arrest man over truck attack which killed four
world 23/09/2021

Swedish police arrest man over truck attack which killed four

world | 336246567

Unconfirmed local media reports say the man is from Uzbekistan.

 Overseas Vietnamese visit Truong Sa archipelago
news 28/03/2021

Overseas Vietnamese visit Truong Sa archipelago

news | 124346612

Around 80 Vietnamese expatriates from countries all over the world have visited the country’s Truong Sa archipelago (Spratly Islands) in the East Sea.

Thiem
sports 25/09/2021

Thiem's up for beaten Federer in Rome

sports | 338026568

Roger Federer's struggles continued when he was beaten 7-6 (2) 6-4 by fast-rising Austrian Dominic Thiem in the third round of the Italian Open on Thursday.

 Hanoian rolls out hoverboard pho delivery
life 24/03/2021

Hanoian rolls out hoverboard pho delivery

trend | 81906598

To save time, the owner of a pho restaurant in downtown Hanoi has employed a hoverboard to serve neighborhood patrons.

League of Legends champ banned permanently after inappropriate statements
sports 14/09/2021

League of Legends champ banned permanently after inappropriate statements

sports | 311706576

Pham "Zeros" Minh Loc has been suspended indefinitely from all League of Legends (LoL) competitions in Vietnam after inappropriate statements made during a livestream.

 Da Nang City hotline takes English queries
news 22/03/2021

Da Nang City hotline takes English queries

news | 60556583

Foreigners can now call (+84) 0511 1022 for information on best places to go to in Da Nang.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…