1.31 million tons of rice exported in Q1
15:54 | 27/03/2014

VGP – Viet Nam exported 1.31 million tons of rice, earning US$616 million during the first three months of 2014, according to the Ministry of Agriculture and Rural Development.

Illustration photo

In March alone, the country shipped 524,000 tons of rice abroad, gaining US$243 million in export revenue.

The export price of rice in February enjoyed a year-on-year increase of 8%, reaching US$486.5 per ton.

In the first two months of the year, Viet Nam’s rice sold to the Philippines saw a seven fold rise in quantity and 7.7 fold rise in value compared to the same period last year.

The Philippines has become Viet Nam’s largest rice importer, accounting for 46.95% of market share, followed by China (23.91%) and Hong Kong (3.8%).

The Viet Nam Food Association (VFA) forecasts that Viet Nam will export around 8 million tons of rice this year.

By Thuy Dung

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