Asia is still the major rice importer of Vietnam, accounting for 69.86 percent of the country’s total export volume, according to the Vietnam Food Association (VFA).
The African market ranked second with 26.42 percent, followed by America, Australia and the Middle East, which accounted for less than 1 percent of the total rice export volume.
The VFA said Vietnam exported only 347,916 tonnes of rice worth more than US$165 million in February, making the total export volume for the first two months of this year 627,182 tonnes, earning about US$319 million.
The Ministry of Agriculture and Rural Development predicts that the output of the spring-winter crop is estimated at nearly 10.35 million tonnes of rice. However, many farmers in the region are worried about the price of rice falling by VND400-500 per kilo compared to the previous month. Currently, the price of 5 percent broken rice ranges from VND8,200-8,300 per kilo, 15 percent rice VND7,750-7,850 per kilo and 25 percent at VND7,350-7,450 per kilo./.