Viet Nam rice exports drop in Q1

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Asean Affairs March 28, 2017

Viet Nam rice exports drop in Q1

Viet Nam exported an estimated 1.28 million tonnes of rice in the first three months of the year, earning US$570 million. But the exports were 18 per cent lower in volume and 17.3 per cent lower in value compared to the same period last year. This was reported last week by the Ministry of Agriculture and Rural Development.

China remains Viet Nam’s largest rice importer, with a market share of 36 per cent, followed by the Philippines with nearly 25 per cent market share.

The export drops were strongest in Ghana, Hong Kong and Malaysia.

Currently, the price of Viet Nam’s 5-per-cent broken rice ranges from $350 to $355 per tonne, down $5 against last week (according to FOB prices at Sài Gòn Port). This decreasing price is due to a larger winter-spring crop.

At the beginning of this year, the Ministry of Industry and Trade repealed regulations limiting rice exporters because they were considered detrimental to the growth of the rice export sector.

The ministry expects to create a healthy market for enterprises investing in rice production and trade, and to ease farmers’ difficulties by boosting high-quality rice exports.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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