Home / / Agrinews

Vietnams rice exports to Africa keep increasing

Vietnams rice exports to Africa keep increasing
Author: Candy Lee
Publish date: Monday. October 19th, 2020

Vietnam's rice exports to Africa increased sharply in the first half of 2020 and are expected to surge in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor to Algeria Hoang Duc Nhuan.

Africa is one of the largest rice importers in the world. Every year, Africa imports about 12-13 million tonnes of rice. In 2019, Vietnam shipped rice worth nearly US$630 million to 35 out of the total 55 African countries, including major markets such as Cote d’Ivoire, Ghana, Senegal, Mozambique, Cameroon, Gabon, Tanzania, and Egypt, according to VOV.

Notably in January-June, Vietnam exported 41,150 tonnes of rice with turnover of US$14.58 million, up 28.5 times in volume and 19.5 times in value.

The Vietnamese Trade Office in Algeria, which is also in charge of Mali, Niger, Senegal and Gambia, has been updating adjustments in their trade policies and rice import regulations to promptly inform to the Ministry of Industry and Trade as well as introduce businesses opportunities for Vietnamese enterprises.

Significantly, during the first half of 2020, Vietnam's rice exports to Senegal reached 41,149 tons, and the turnover reached $ 14.58 million, up 28.5 times in volume and 19.5 times in value compared to. same period last year. Senegal's food production meets about 20% of domestic demand.

Each year, Senegal still has to import from 800,000 to 900,000 tons of rice, of which more than 90% is broken rice. Last April, the Senegal Government launched a campaign to distribute relief food to people in need in the context of the Covid-19 pandemic, informed Bao tin tuc.

Department of Agro Processing and Market Development (Ministry of Agriculture and Rural Development) said that in the first 7 months of 2020, Vietnam exported nearly 3.9 million tons of rice, earning $ 1.9 billion, down 1.4% in volume but up 10.9% in value over the same period in 2019. In particular, in the first half of the year, China and Africa are the two markets that buy the most Vietnamese rice, reported by VTV.

Besides rice, Vietnam could boost exports of other farm produce such as coffee, pepper, cashew nut, fruit and vegetable, confectionery, cereal and aquatic products, as well as industrial products such as garment-textile, footwear, computers, electronic products and spare parts.

Vietnam could continue purchasing raw materials with reasonable prices from the markets to serve the processing and production sectors at home.

From mid- July to early August 2020, Mali, Niger and Senegal have re-opened some air and land routes after controlling the Covid-19 pandemic. This would help resume trade and investment exchanges with other countries, including Vietnam.


Related news

Dozens of tonnes of Vietnamese longan enter Australia over past few weeks Dozens of tonnes of Vietnamese longan enter Australia over past few weeks

Tonnes of Vietnamese longans have been exported to Australia and distributed in the states of South Australia and Western Australia over the past few weeks.

Friday. October 16th, 2020
Agriculture targets 2.6-3 percent growth in 2020 Agriculture targets 2.6-3 percent growth in 2020

Vietnam’s agricultural sector will not change its growth targets for 2020 under the direction of the government.

Friday. October 16th, 2020
Increase in Vietnamese coffee volume exported to EU Increase in Vietnamese coffee volume exported to EU

Vietnamese coffee volume exported to  EU has been increased in the first seven  months of 2020, in which  volume exported to Poland

Monday. October 19th, 2020