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93 million tons of rice in the first eight months of 2021 , with an export value of 2.
1 billion US dollars, and the export volume and value fell by 14.
8% year-on-year.
And 6.
8%, becoming the commodity with the largest decline in exports among Vietnam’s agricultural, forestry and aquatic products
.
According to the report, the Vietnam Food Association (VFA) stated that due to the new crown pneumonia outbreak in Vietnam, a large number of companies have stopped production, the drop in Thai and Indian rice prices has pushed down the export price of Vietnamese rice, coupled with the slowdown in foreign customer demand and the increase in international transportation costs.
Enterprises dare not sign new rice export contracts with foreign partners, and the prospects for Vietnam's rice export are bleak
.
Enterprises dare not sign new rice export contracts with foreign partners, and the prospects for Vietnam's rice export are bleak
.
According to reports, in the first eight months of 2021, China is Vietnam’s second largest rice export market, accounting for 18% of Vietnam’s total rice exports
.
In the past, China mainly imported rice from Vietnam and Thailand, but now almost all of China's rice imports come from South Asian countries such as Pakistan and India
.
According to data from the General Administration of Customs of China, in the first half of 2021, China's rice imports doubled year-on-year, and the value of imports increased by 74.
7% year-on-year
.
However, the amount of rice imported from Vietnam has fallen sharply
.
Especially after China's access to Indian basmati rice at the end of 2020, India quickly became one of China's major rice suppliers
.
The price of Indian long-grain rice is 25% lower than that of Vietnam, which is why India has a market share of Vietnamese rice in China
.
.
In the past, China mainly imported rice from Vietnam and Thailand, but now almost all of China's rice imports come from South Asian countries such as Pakistan and India
.
According to data from the General Administration of Customs of China, in the first half of 2021, China's rice imports doubled year-on-year, and the value of imports increased by 74.
7% year-on-year
.
However, the amount of rice imported from Vietnam has fallen sharply
.
Especially after China's access to Indian basmati rice at the end of 2020, India quickly became one of China's major rice suppliers
.
The price of Indian long-grain rice is 25% lower than that of Vietnam, which is why India has a market share of Vietnamese rice in China
.
According to the report, from the current situation, Vietnam’s rice exports will still face many difficulties in the next few months.
The Ministry of Agriculture and Rural Development of Vietnam has proposed a target of 6-6.
20 million tons of rice exported from Vietnam in 2021, with an export value of US$3.
325 billion.
Hard to achieve
.
The Ministry of Agriculture and Rural Development of Vietnam has proposed a target of 6-6.
20 million tons of rice exported from Vietnam in 2021, with an export value of US$3.
325 billion.
Hard to achieve
.
