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Vietnam rice exports seen up 6% this year to 6.75 million metric tons: food association

Tuesday, February 18, 2020, 18:27 GMT+7
Vietnam rice exports seen up 6% this year to 6.75 million metric tons: food association
A farmer plants rice on a paddy field outside Hanoi, Vietnam. Photo: Reuters

HANOI -- Vietnam expects to export 6.75 million metric tons of rice this year, up six percent from last year, Vietnam Food Association Vice Chairman Do Ha Nam said on Tuesday.

"Demand is seen rising this year as Vietnamese rice is more competitive in terms of prices," Nam told Reuters, adding that the coronavirus epidemic in China had had no impact on shipments of Vietnamese rice to China.

Nam said rice exporters from Vietnam have over recent years sought to expand their markets to reduce their reliance on China, adding the Philippines was currently the largest market.

"Vietnam is producing more fragrant rice to tap new markets, such as South Korea and Africa," Nam added.

Traders based in Ho Chi Minh City said a delegation from the Department of Agriculture of the Philippines will visit rice production sites in Vietnam in March to work on food safety issues, paving the way for more shipments.

Rice exports from Vietnam, the world's third-largest shipper of the grain, rose 4.2 percent in 2019 from a year earlier to 6.37 million metric tons.

Reuters

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