Vietnam’s rice exports hit 5.2 million tonnes in ten months
Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year.
Rice products of the Tan Long company (Photo: VNA)
Hanoi (VNA) – Vietnam shipped abroad 264,000 tonnes of ricein October this year for 136 million USD, pushing the total figures so far thisyear to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year.
China remained the leading importer of Vietnamese rice with a growthrate of 24 percent. Strong rises were also seen in many other markets, such asIndonesia, Iraq, the Philippines, and Malaysia.
Average rice prices in the first nine months of 2018 reached 503 USD pertonne, up 13.7 percent year-on-year. The highest price was recorded for Jasminerice with 575 USD per tonne, followed by Japonica with 526 USD per tonne.
The export of medium- and high-quality rice increased, while that of lowquality types reduced, now accounting for just 2 percent of the total exportvolume.
On October 18 this year, the Philippines closed its bidding and decidedto buy 47,000 tonnes of rice, including 28,000 tonnes from Vietnam. The sameday, Egypt invited bids for 25,000 tonnes of rice in 2018.
Meanwhile, within the framework of the 10th World RiceConference in Hanoi, many contracts were signed, including a 2.5 million USDcontract signed between the Hanoi Trade Joint stock Corporation (Hapro) and itsAustralian and Malaysian partners.
According to the Department of Agro-Product Processing and MarketDevelopment under the Ministry of Agriculture and Rural Department, domesticrice prices will continue to rise as buyers purchase more materials for theirexport orders.
Currently, many localities have finished the harvest of their summer-autumncrop, while some others start to harvest their autumn-winter crops. The pricesof rice of autumn-winter crops have increased slightly due to a shortage in supply.
In Vinh Long, rice price is between 5,300 VND per kilo and 10,000 VNDper kilo, while that in Bac Lieu varies from 6,200 VND per kilo to 6,300 VNDper kilo.-VNA
Vietnamese rice exports are expected to revive in the last quarter of the year following four months of stagnation, boosted by new purchase demand in some markets.
Vietnamese rice exports are expected to grow stronger by the end of the year after a brief lulling period, said Tran Van Cong, Deputy Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
Vietnam shipped nearly 5 million tonnes of rice abroad in the first nine months of this year, earning 2.5 billion USD, up 8.5 percent in volume and 23.2 percent in value year-on-year, statistics show.
The Hanoi Trade Corporation (Hapro) has inked three contracts to export rice to Malaysia and the US worth nearly 2.5 million USD during an ongoing international rice conference.
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Rice products of the Tan Long company (Photo: VNA) 
