TUOITRE
Vietnam, the world’s second largest rice exporter, has shipped 2.2 million metric tons of rice in the first four months of this year for more than US$1 billion.
The Vietnam Food Association (VFA), releasing the figures, said they represent a rise of 26 percent in volume and 28 percent in value year on year.
The Philippines, one of Vietnam’s largest importers, has reduced orders by 20 percent to 200,000 tons since it to cut imports by more than half this year.
However, demand has increased in other markets like Indonesia, Bangladesh, and Africa.
China has bought 200,000 tons of the grain from Vietnam.
Export contracts have so far been signed for 3.7 million tons, meaning another 1.5 million tons will be shipped in May and June.
Vietnamese rice exporters have bought 1 million tons of this, the VFA said.
The Vietnam Food Association (VFA), releasing the figures, said they represent a rise of 26 percent in volume and 28 percent in value year on year.
The Philippines, one of Vietnam’s largest importers, has reduced orders by 20 percent to 200,000 tons since it to cut imports by more than half this year.
However, demand has increased in other markets like Indonesia, Bangladesh, and Africa.
China has bought 200,000 tons of the grain from Vietnam.
Export contracts have so far been signed for 3.7 million tons, meaning another 1.5 million tons will be shipped in May and June.
Vietnamese rice exporters have bought 1 million tons of this, the VFA said.
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