According to the Ministry of Agriculture and Rural Development (MARD), rice exports are continuing to increase by the end of August to 3.96 million tonnes, valued at $ 1.75 billion, up 19.8% in volume and Up 17.5% in value over the same period in 2016.

Thus, compared with the target for the year exports 5.7 million tons, the remaining four months of this year need to export 1.74 million tons more.

In August, the price of rice and rice in the Mekong Delta provinces fluctuated for ordinary rice and decreased slightly for high quality rice. Businesses have won rice export contracts to the Philippines to increase purchases, which pushed domestic demand up. At the same time, domestic prices increased due to increased market demand, businesses increased purchase prices to meet the signed export orders.

The average rice export price in the first seven months of 2017 is $ 441.4 per tonne, down 2% over the same period in 2016. China continues to rank first in rice import market of Vietnam in 7 months. Early in 2017 with 40.9% market share. Rice export to this market in the first 7 months of 2017 reached 1.38 million tons and 623 million USD, up 32.7% in volume and 31.1% in value over the same period in 2016.

In mid-July 2017, the Vietnam Food Association (VFA) has decided to increase its rice export target by 2017 to 5.7 million tons, an increase of about 800,000 tons compared to 2016, due to the import demand of rice. Of the world is rising again.

Earlier, in the first months of this year, Vietnam’s rice exports showed positive signs mainly thanks to export contracts to the Philippines, China and Africa … But the percentage of concentrated rice export contracts Male less and less.

The Trade and Industry Information Center (Ministry of Industry and Trade) said that from 2017 to 2020, the annual rice export is expected to reach 4.5-5 million tons, earning 2.2 – 2, $ 3 billion per year.

According to the strategy of developing the rice export market of Vietnam in 2017-2020, the orientation to 2030 has been approved by the Prime Minister, determined to diversify the market for Vietnamese rice, reduce dependence on Certain markets, in line with the trend of international integration, exploit opportunities, potentials and advantages of free trade agreements. Since then, contribute to enhance the value, brand and prestige of Vietnamese rice.

According to this Strategy, by 2020, the structure of export rice will also change, low and medium grade white rice will not exceed 20% of total export rice, Japonica rice 30%, sticky rice 20%, Other types of rice are about 5%.

By 2030, white rice usually accounts for only 25%, average rice less than 10%, Japonica rice 40%, sticky rice 25%, other nutrient rice more than 10%.

(According to vov.vn)