The Ministry of Agriculture and Rural Development said Vietnamese rice shipments to the Philippines expanded 7 times in volume and 7.7 times in value over the same period in 2013. With this growth, the Philippines became the biggest importer of Vietnamese rice, accounting for 46.95 percent of Vietnam’s shipments.
Other key export markets of Vietnam are China, Singapore, Malaysia and Ghana.
The ministry said Vietnam exported 524,000 tonnes of rice worth US$243 million in March 2014, totalling 1.31 million tonnes and US$616 million in the first three months, down 14.9 percent in volume and 10.4 percent in value over the same period last year. The average exported rice price was US$486.5 per tonne in February 2014, up 8 percent over the same month in 2013.
Thu Ha
Philippines Becomes Biggest Importer of Vietnam Rice Related image(s)
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