In 5 months, rice exports reached 2 billion USD, up 49% over the same period last year - the highest growth rate in the same period in 10 years.
According to a recent report by the Ministry of Agriculture and Rural Development, in the first 5 months of the year, rice exports reached nearly 3,9 million tons, equivalent to 2,02 billion USD, up 40,8% in volume and 49% in volume. in value over the same period in 2022. This is also the strongest growth rate of the same period of the years from 2013 to now.
In the first 4 months of the year, the Philippines was Vietnam's largest rice consumption market with 1,29 million tons, equivalent to 647,5 million USD, up 40,6% in volume and 53,4% in value. over the same period in 2022. Among the 15 largest rice export markets, Indonesia increased its purchase 26 times over the same period last year. The average export price of rice in the first five months of the year reached US$5 a ton, up 517% over the same period in 5,8.
Farmers in Can Tho harvest winter-spring rice. Photo: Thanh Tran
Share with VnExpressMr. Nguyen Ngoc Nam - Chairman of the Vietnam Food Association, said that this year rice exports have the most favorable conditions. In particular, production won a great deal when the rice variety structure had many changes and high yield. Import demand in old markets such as the Philippines, China and Malaysia have all increased sharply. Along with that, rice exports to new markets such as Indonesia and a few African countries increased sharply. In addition, Vietnamese fragrant rice carries out further trade promotion in niche markets and increasingly has its own position, which has helped the picture of rice exports "more brilliant".
Vietnam is having more opportunities when the rice production of India and Thailand is affected because El Nino causes the yield to decrease. Meanwhile, the wars between Russia and Ukraine have increased the need for global food reserves. A report by the US Department of Agriculture (USDA), shows that global rice production in the 2022-2023 crop year is forecast to reach 503 million tons, down 2% year-on-year and the first annual decline since the 2015-2016 crop year. XNUMX.
Vietnamese rice exporters also said that they have received orders for many months, but the domestic supply of rice is not enough.
According to the Chairman of the Vietnam Food Association, in 2022, Vietnam's rice exports will increase, so the amount of inventory to support this year is very low. The rice farmers harvested in the winter-spring crop are being consumed by businesses.
Therefore, the association forecasts that by the end of the year, rice exports may only reach 6,3-6,5 million tons, lower than 2022. This year, in addition to the supply must be retained to support the next crop, a part is also used to offset the sharp decrease in imported rice for food processing. Currently, Indian white rice is still subject to high export tax.
Vnexpress.net
