Vietnam's rice export volume surged by 12 percent to 3.09 million tonnes in the first five months of this year (Photo: anninhthudo.vn)Hanoi (VNS/VNA) - Higher rice supply in the domestic market has made theexport price of Vietnam’s broken rice drop to 450 USD per tonne on June 19, thelowest level in the past two months.
The Vietnam News Agency reported that domestic supply is increasing due toharvesting the summer-autumn rice crop. Vietnam am can export 2.3-2.5 milliontonnes of rice from this rice crop after ensuring sufficient domesticconsumption.
The export price on June 4 hit the highest level of 475 USD per tonne, asrainfall affected the harvest.
Meanwhile, India's export rice prices last week also dropped to the lowestlevel in two months due to weakness of the rupee and lower rice demand. Theprices of five percent broken parboiled rice in India fell to 366-372 USD pertonne on June 18, the lowest level since March 26.
Prices of Thai five percent broken rice also plunged to 505-525 USD per tonneon June 18 from 505-533 USD per tonne the previous week.
According to the General Department of Customs, Vietnam in the first fivemonths of this year gained growth in volume and value of rice exports comparedto the same period last year.
Specifically, rice exports surged by 12 percent in volume to 3.09 milliontonnes and by 26.6 percent in value to 1.5 billion USD. While the averageexport price rose by 13 percent to 485.1 USD per tonne.
In May, the nation shipped 953,950 tonnes of rice, earning 492.54 million USDwhile the average export price reached at 516.3 USD per tonne.
They were up 87 percent in volume, 93.6 percent in value and 3.6 percent inprice compared to April. They also increased by 40.6 percent, 67.6 percent and19.2 percent, respectively compared to May 2019.
During the first five months, Vietnam exported the most rice to the Philippineswith a total volume of 1.3 million tonnes, earning 598.6 million USD. Exportsrose by 22.4 percent in volume and 41.4 percent in value year on year.
Rice exports to the Philippines accounted for about 41 percent of the nationalrice export volume and about 40 percent of the national rice export value.
China was the second largest market with an export volume of 429,261 tonnes anda, export value of 257.4 million USD, accounting for about 14 percent of thetotal volume and 17.2 percent of total value. The exports increased by 92.4 percentin volume and 131.2 percent in value over the same period of last year.
Vietnam also gained strong growth to many markets, including Senegal (18.3times), Indonesia (192 percent) and France (171.6 percent).
However, it saw sharp reductions in other markets, such as Brunei (92 percent),Algeria (89 percent), Angola (89 percent), Turkey (83 percent) and the US (69.2percent)./.
The Vietnam News Agency reported that domestic supply is increasing due toharvesting the summer-autumn rice crop. Vietnam am can export 2.3-2.5 milliontonnes of rice from this rice crop after ensuring sufficient domesticconsumption.
The export price on June 4 hit the highest level of 475 USD per tonne, asrainfall affected the harvest.
Meanwhile, India's export rice prices last week also dropped to the lowestlevel in two months due to weakness of the rupee and lower rice demand. Theprices of five percent broken parboiled rice in India fell to 366-372 USD pertonne on June 18, the lowest level since March 26.
Prices of Thai five percent broken rice also plunged to 505-525 USD per tonneon June 18 from 505-533 USD per tonne the previous week.
According to the General Department of Customs, Vietnam in the first fivemonths of this year gained growth in volume and value of rice exports comparedto the same period last year.
Specifically, rice exports surged by 12 percent in volume to 3.09 milliontonnes and by 26.6 percent in value to 1.5 billion USD. While the averageexport price rose by 13 percent to 485.1 USD per tonne.
In May, the nation shipped 953,950 tonnes of rice, earning 492.54 million USDwhile the average export price reached at 516.3 USD per tonne.
They were up 87 percent in volume, 93.6 percent in value and 3.6 percent inprice compared to April. They also increased by 40.6 percent, 67.6 percent and19.2 percent, respectively compared to May 2019.
During the first five months, Vietnam exported the most rice to the Philippineswith a total volume of 1.3 million tonnes, earning 598.6 million USD. Exportsrose by 22.4 percent in volume and 41.4 percent in value year on year.
Rice exports to the Philippines accounted for about 41 percent of the nationalrice export volume and about 40 percent of the national rice export value.
China was the second largest market with an export volume of 429,261 tonnes anda, export value of 257.4 million USD, accounting for about 14 percent of thetotal volume and 17.2 percent of total value. The exports increased by 92.4 percentin volume and 131.2 percent in value over the same period of last year.
Vietnam also gained strong growth to many markets, including Senegal (18.3times), Indonesia (192 percent) and France (171.6 percent).
However, it saw sharp reductions in other markets, such as Brunei (92 percent),Algeria (89 percent), Angola (89 percent), Turkey (83 percent) and the US (69.2percent)./.
VNA
