Vietnamese rice exports up, China biggest market

Vietnamese rice exports up, China biggest market

Farmers plant rice on a rice paddy field in Ha Tinh province, Vietnam. (Reuters photo)
Farmers plant rice on a rice paddy field in Ha Tinh province, Vietnam. (Reuters photo)

HANOI: Vietnam's rice exports are expected to rise 5.7% this year to 6.15 million metric tonnes, the Ministry of Industry and Trade said on Thursday.

The country's rice shipments in the first 11 months of the year rose 5.6% from a year earlier to 5.7 million tonnes, the ministry said on its official news website.

China remains Vietnam's largest rice export market this year, accounting for 24.1% of the total shipments in the January-October period, the ministry said.

However, rice exports to China fell 39.1% in the 10-month period, the ministry said, without elaborating. Traders said China has been imposing stricter conditions for rice from Vietnam.

The ministry said exports to Indonesia, the Philippines, Hong Kong and Iraq saw the biggest growth in the period.

The Philippines on Wednesday accepted rice supply offers totalling 203,000 tonnes in fresh government-to-government deals, including 123,000 tonnes from Vietnam.

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