Vietnam exports 3.9 million tonnes of rice in seven months

HANOI (BERNAMA) – Vietnam exported 3.9 million tonnes of rice, earning USD1.9 billion, in the first seven months of this year, according to the Department of Agro Processing and Market Development under the Ministry of Agriculture and Rural Development.

Export volume fell 1.4 per cent but increased by 10.9 per cent in value over the same period last year, Vietnam News Agency (VNA) reported.

The department also said that in the first half of this year, the Philippines ranked first in Vietnam’s rice export market with nearly 37 per cent of total rice exports.

Vietnam exported 1.4 million tonnes of rice to the Philippines, raking in USD635 million, up 13.3 per cent and 30.5 per cent, respectively, over the same period last year.

Other markets with strong growth in rice exports included Senegal (up 19.6 times), Indonesia (2.8 times) and China (nearly 90 per cent).

Vietnam’s average rice export price in the first six months hit USD487.6 per tonne, 13 per cent higher than the same period in 2019.

A farmer transplants rice on her family’s lot of land on the outskirts of Hanoi. PHOTO: AFP