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Rice exports down in January
24/02/2014

Vietnam exported over 307,000 tonnes of rice in the first month of 2014 for a FOB (free-on-board) value of around 127.6 million USD, a yearly decrease of 24.11 percent in volume and 30.5 percent in value.

The poor outcome was attributed to a decline in demand from Southeast Asia – a traditional market of Vietnam.

The country mainly shipped rice to the Philippines during the period, while rice shipments to China and Africa decreased dramatically, according to the Vietnam Food Association (VFA).

The country’s rice production heartland, the Mekong Delta region, is reported to have harvested 1.22 million tonnes of rice over a 200,000 ha area as of February 8.

In 2013, Vietnam exported nearly 6.7 million tonnes of rice, a year-on-year decline of 13.45 percent.
It is expected to ship abroad 6.5-7 million tonnes of rice this year.

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