Illustrative image (Photo: nongnghiep.vn) Hanoi (VNA) – Vietnam's rice exports to the Philippines still won a lion shareof 87 percent in the first half of this year.
According to theBureau of Plant Industry of the Philippines, the country had imported 1.26 milliontonnes of rice during the period, down 11 percent from 2020, including 1.12 million tonnes from Vietnam.
It attributed the decrease to rising world rice prices, global logistics issues and improved domesticoutput.
The Philippines alsobought over 2,600 tonnes of rice from Pakistan and more than 109 tonnes from India onthe back of the Most Favoured Nation (MFN) tariff rates onrice dropping to 35 percent from 40 percent for in-quota purchases and 50 percent forout-quota volume.
The General Department of Vietnam Customs reported that in the firstseven months of this year, Vietnam shipped over 1.27 million tonnes of rice worth665.72 million USD to the Philippines, accounting for 35.3 percent of thecountry's total rice exports and 36.4 percent of its revenue.
The Philippines remained the largest rice importer ofVietnam in the reviewed period./.
