Vietnamese rice exports to China skyrocket
VOV.VN - China has moved to increase its import of rice from several Asian countries, including Vietnam, during the opening months of the year.
According to data given by the Chinese General Administration of Customs, the Asian giant imported a total of 910,000 tonnes of rice worth US$434.15 million over the first two months of the year, representing a sharp increase of 203.3% in volume and a rise of 180.6% in value compared to the same period from last year.
Of the total, Vietnamese rice exports to China surged by 206.3% against last year’s corresponding period.
Most notably, China's rice imports from Pakistan reached the highest level, with turnover climbing to US$127.61 million, representing an annual rise of 339.7% and accounting for 29.4% of its total rice imports.
China's rice imports from other markets, including Myanmar and Thailand, also increased sharply by 220.4% and 83%, respectively.
During the first quarter of the year, Vietnamese rice exports to China reached 256,516 tonnes worth US$136.17 million, up 58% in volume and 49.7% in turnover compared to the same period from last year, according to the General Department of Vietnam Customs.
Last year saw China consume 752,300 tonnes of Vietnamese rice worth US$431.7 million, up 91.6%.
