2018 rice export to hit 6m tonnes
Monday, February 5,2018AsemconnectVietnam - Viet Nam’s rice export volume in 2018 is expected to increase by 400,000 tonnes from 2017 to reach 6 million tonnes, due to increased demand from Southeast Asia, especially from the Philippines, with China expected to be the country’s largest rice market.
The VFA said Indonesia will import rice from Viet Nam and Thailand again in 2018 to increase reserves, as Indonesia’s rice price has been rising, almost double the floor price.
These developments are encouraging for Viet Nam’s rice export market, said the VFA’s report, with export price of 5 per cent broken rice rising to US$400 per tonne from $390.
According to the VFA’s data, throughout 2017, the country exported 5.7 million tonnes of rice worth $2.54 billion.
The USDA’s report stated that though 2017 global rice output fell by 20 per cent from 2016’s number, as a result of weak outlook for grain products, long, heavy rainfall and spring floods and other unfavourable weather, meaning there should be positive signals from traditional rice importing markets in Southeast Asia in early 2018.
In Bangladesh and Sri Lanka, whose rice crops were heavily influenced by harsh weather, demand for rice imports will also increase in 2018. Rising import demand is supported by increased purchasing power in Africa and the Middle East, while China continues to be a leading importer of rice from neighbouring regions.
According to the Department of Crop Production under the Ministry of Agriculture and Rural Development, in early January 2018, the Mekong Delta’s rice producers harvested 860,000 hectares of rice, with an average yield of 5.3 tonnes per hectare.
Talking to Vietnam News Agency during a late 2017 agricultural conference in the
Mekong Delta, Vo Tong Xuan, former vice rector of Can Tho University and rice expert, emphasised growing competition in global rice markets.
Regarding export rice quality, he was convinced that since rice merchants often mix different batches from different farmers into one large batch, there is virtually no way to completely track the origin of any batch.
He suggested issuing contracts between rice farmers and processing plants for sustainable production, via agricultural co-operatives instead of relying on middlemen.
Raw cashew nut imports from Cambodia skyrocketed
Vietnam’s trade with top 11 Asian markets is set to grow significantly
Trade recovers strongly since reopening
Reference exchange rate down 2 VND on March 17
DAILY: Vietnamese pepper prices rose by 500 VND on March 17
DAILY: Vietnamese coffee prices increased by 500 VND on March 17
Vietnam posts 78.9% growth in coffee export value to Spain
9 export items with positive growth in first 2 months of 2023
Seafood exports in February and first 2 months of 2023
Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent
Consumer rights protection online a focus amid e-commerce boom
Opportunities for Vietnamese goods in foreign supermarkets
Reference exchange rate up 3 VND
Rice exports reached more than 893,000 tonnes in 2 months
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...