Rice exports drop in volume but still rise in value

Vietnam’s rice exports by mid-September had declined 0.8 percent in volume but still grown 11.8 percent in value compared to the same period last year.
Rice exports drop in volume but still rise in value ảnh 1Harvesting rice in Song An commune of Vu Thu district, Thai Binh province (Photo: VNA)

Hanoi (VNA) – Vietnam’s rice exports bymid-September had declined 0.8 percent in volume but still grown 11.8 percentin value compared to the same period last year.

More than 4.8 million tonnes of rice had beenshipped abroad by September 15, bringing home 2.4 billion USD, according to theAgro Processing and Market Development Authority under the Ministry ofAgriculture and Rural Development.

The revenue increase was partly attributed tohigher export prices which averaged 489.2 USD per tonne in the first ninemonths, up 12.4 percent year on year.

Besides, the country also recorded strongershipments of high-quality rice, with white rice making up 40.7 percent of thetotal value, Jasmine and fragrant rice 37.6 percent, glutinous rice 17.4percent, and Japonica rice and others of Japanese varieties 4.2 percent.

The Philippines, the largest buyer, imported1.72 million tonnes of Vietnamese rice worth 797.6 million USD in the January-Augustperiod, down 2.4 percent in volume but up 10.9 percent in value year onyear, accounting for 35.4 percent of total exports during the period.

Growth was also seen in rice shipments to other markets,including Senegal (up 3.55 times), Indonesia (2.9 times), and China (82.5percent), statistics showed./.
VNA

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