Statistics of the authorities show that, in the first 7 months of 2022, "rice exports" reached 4.19 million tons, equivalent to more than 2 billion USD in value, up 20.5% in volume and 9% in value over the same period last year. 2021. This is the highest export level ever. Thus, despite fierce competition in rice exports, Vietnamese products are still increasingly popular in the world market.
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| In the first seven months of the year, Vietnam exported nearly 4.2 million tons of rice, up more than 20% over the same period last year (source The Economic Times). |
In the group of rice import markets of Vietnam, the US market is the country with the strongest increase, up 65.3% in the first half of the year. Next is the Philippines - Vietnam's largest rice consumption market, accounting for 44.5% of the market share - imports increased by 48.6% over the same period last year.
In the first half of the year, the world's export rice price averaged $489 a ton, down 10.2% over the same period in 2021. Vietnam's 5% broken rice was at $415-420 a ton. Exporters have reduced rice purchases from farmers, waiting for the peak harvest and waiting for buying signals from major markets such as the Philippines and China.
Currently, the price of rice in the Mekong Delta provinces has many fluctuations. Stormy weather causes the quality of summer-autumn rice to decrease continuously, while the area of ripe rice is increasing in localities. Compared with the beginning of July, the price of all kinds of rice has decreased from 200-400 VND per kg due to bad weather affecting rice quality and weak demand.
Nguyen Hanh
