Vietnams rice exports surge 42% in first half of 2018
China remains the largest importer of Vietnamese rice.
Rice exports brought in US$1.81 billion for Vietnam in the first six months of 2018, up 42% over the same period last year, the Ministry of Agriculture and Rural Development has reported.
The latest data shows that Vietnam shipped 3.56 million tonnes of rice during the period, a year-on-year increase of 25%.
As of the end of May, China remained the largest importer of Vietnamese rice at a value of nearly US$500 million, followed by Indonesia which purchased 596,000 tonnes worth US$280 million.
In June, Vietnam’s 5% broken white rice averaged US$450 a tonne, still higher than the same type of rice from India and Thailand whose average prices were US$410 and US$435 a tonne respectively.
According to the agriculture ministry, Vietnam’s exported rice structure saw a noticeable shift in May, with a growing proportion of high-quality rice, accounting for nearly one third of the total export value in the month and up 53.8% against April.
The value of 15% and 25% broken white rice also rose by 57.7% in May as Vietnamese exporters were fulfilling orders placed by Indonesia and the Philippines, while Japonica and 5% broken rice fell by 11% and 41.4% respectively.
At the same time, glutinous rice exports dropped by 35.9% to US$38.6 million as a result of falling demand in China.
Related news
Bình Dương expands production of specialty mangosteens Local authorities in Bình Dương Province’s Thuận An Town are taking steps to promote the area’s famous Lái Thiêu mangosteen, a fruit specialty cultivated since
Export of fruit and veggies in first six months reaches US$1.8 billion As of June 15, 2018, Vietnam`s fruit and vegetable export turnover reached US$1.83 billion, up 19.4% annually
Quang Tri lures investment in hi-tech agriculture The central province of Quang Tri has recently drawn many investment projects in hi-tech and organic agriculture, contributing to restructuring the agricultural