Viet Nam rice exports sliding

In the first eight months of the year, Viet Nam rice exports is at 4.2 million tonnes at an average price of about $429 per tonne, FOB. In comparison, the country had shipped about 4.17 million tonnes of rice in January–July 2013, at an average price of around $463 per tonne.

Moving slower this month, shipments are now at 163,543 tonnes in 1-15 August 2013, which is less than 30% of total exports of about 576,398 tonnes in July 2013, and about 18% of around 928,175 tonnes rice in August 2012, according to data from the Viet Nam Food Association (VFA).

But average export price is about $432 per tonne in August 1-15, 2013 – about 5% higher than average export price of $413 per tonne in July 2013, and up about 2% from average price of about $424 seen in August 2012.

Vietnamese aromatic rice, broken rice are mostly shipped to Asia and Africa. Other markets are Europe, the United States, the Middle East and Australia.

Related link: Rice production in Viet Nam and future orientation