JavaScript is off. Please enable to view full site.

Vietnam’s rice exports to drop to eight-year low: association

Wednesday, July 13, 2016, 17:39 GMT+7

Vietnam’s rice exports this year are likely to tumble to the lowest since 2009, the Vietnam Food Association has said.

Exports began falling in March, eventually hitting only 380,000 metric tons in June, according to the VFA.

In the first half of this year, Vietnam’s rice exports topped 2.65 million metric tons, down two percent from a year earlier, the association said. The Jan-June rice exports were worth US$1.14 billion.

The VFA therefore predicted exports to reach three million metric tons in the second half of this year, meaning the full-year figure is expected to be 5.65 million metric tons, an eight-year low.

This will also be the first time the country’s annual rice exports drop to below six million metric tons, according to the VFA.

Vietnamese rice exporters were off to a good start in the first quarter, thanks to deliveries of orders placed late last year, including one million metric tons by Indonesia and another 450,000 metric tons by the Philippines.

However, the lack of new orders and fierce competitions from other Asian rice exporting countries have strongly hit exports in the second quarter, the VFA said.

More

Read more

Vingroup wins double awards with Hanoi property

Vingroup, the Vietnamese property conglomerate behind many deluxe trade centers and residential developments, has been honored in two categories of the prestigious International Property Awards 2015.

5 years ago
;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news