Rice exports likely to reach 8.1 million tonnes
(VOV) -Vietnam’s shipment of 603,000 tonnes of rice in December will raise its total export volume this year to 8.1 million tonnes worth at US$3.7 billion.
The Ministry of Agriculture and Rural Development (MARD) says figures show an increase of 13.9 percent in volume and 2.1 percent in value over 2011.
On average rice prices in the past 11 months fell by 10.4 percent to US$457 per tonne, compared to the same period last year.
There are wild fluctuations in the rice markets. China has become Vietnam’s largest importer with a sharp increase in volume and value (nearly 6.5 times and 5.5 times, respectively).
In the meantime, Vietnam’s rice exports to Indonesia, Singapore Senegal and the Philippines have dropped in both volume and value.