Vietnam has chances for exporting rice to Africa
Pursuant to a report of the Vietnam Trade Office in Algeria, the Ministry of Trade and Industry said that this year’s import demand for rice in Senegal in particular and Africa in general would remain high as in February, locust plagues in East Africa along with the Covid-19 epidemic led to holding foods, notably rice.
(Illustrative photo:SGGP)
According to the United States Department of Agriculture, Africa's import demand for rice in 2020 is estimated at 15.7 million tons, of which Senegal may have to import 1.3 million tons.
According to the Food and Agriculture Organization, last year, Senegal imported about 1.5 million tons of rice, an increase of 15 percent compared to 2018 due to poor rice production in the Senegal River valley, down about 100,000 tons.
In 2019, Vietnam's rice exports to Senegal increased sharply, but the price of rice dropped.
In this market, Vietnamese rice has to compete with Indian, Pakistan, Thailand, China, Brazil, Argentina, Uruguay, United States, Malaysia and Cambodia.
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