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Contracts to export 4.7 million tonnes of rice reached
28 | 07 | 2014
Businesses have signed contracts for the export of 4.7 million tonnes of rice, according to the Ministry of Industry and Trade (MoIT).

The Vietnam Food Association (VFA) said that through the end of June, Vietnam has delivered more than 3 million  tonnes of rice worth an estimated US$1.367 billion to foreign partners. 

The Ministry of Agriculture and Rural Development  (MARD) said that China remains Vietnam’s largest rice importer with 40.46% of market share. 
 
Notably, the Philippines market has witnessed a sharp increase in importing Vietnamese rice against last year’s same period, ranking second with market shares of 20.66% followed by Ghana (4.39%) and Singapore (3.63%). 
 
The Philippines Government has recently decided to import an additional 200,000 tonnes of rice from Vietnam in the context of the price hike in rice and other commodities in the market. 
 
At present, the price of dried paddy in the Mekong River Delta is hovering around VND5,400-5,500 per kilo while that of long-grain paddy stands at VND5,500-5,600 per kilo
 
Source: VOV
 


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