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29. April 2024
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Tag: rice

Retail Asia03/07/2023
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Food

Vietnam leads rice exports to Philippines

3min0
Vietnam continued to be the biggest rice provider to the Philippines in the first five months of this year with a turnover of $772.4 million, surging 31.1% year-on-year. During January-May, the Philippines imported 1.5 million tons of rice from Vietnam, accounting for nearly 90% of its total imported rice, according to the Asia-Africa Market Department […]
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Retail Asia01/06/2023
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Food

Rice, fruits bright spot amid Vietnam export slump

6min0
While exports of textiles, wood products and seafood plummeted in the first five months of 2023, those of rice and fruits have risen. Overall exports between January and May were worth US$136.17 billion, down 11.6% year-on-year, according to the General Statistics Office. Seafood, wooden furniture, handicrafts, and textile exports fell by double digits. Many businesses […]
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Retail Asia18/04/2023
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Food

Rice export prices on the rise

1min0
Vietnam’s rice export prices grew 9.2% year on year to $532 per tonne in the first quarter of 2023, said the General Department of Vietnam Customs. The price increase was attributed to a surge in the proportion of high-quality rice such as fragrant, glutinous, and specialty rice. High-quality rice is accounting for 50% of the […]
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Retail Asia10/04/2023
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Food

Vietnam exports 1.7 million tonnes of rice in Q1

4min0
Vietnam exported 1.7 million tonnes of rice in Q1 worth over $900 million, a 19% increase in quantity and 30% rise in value over the same period last year, according to Vietnam Customs. According to the Ministry of Industry and Trade (MoIT), Vietnamese rice has seen some success in improvements in quality and demand over […]
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Retail Asia30/03/2023
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Food

Vietnam’s rice exports rise 30%

1min0
Vietnam’s rice export value rose 30.2% in the first quarter despite export volume falling 19.2%. According to a Ministry of Agriculture and Rural Development report, the country shipped 1.79 million tons of rice worth $952 million abroad in the period. The average export price reached $531 a ton, up 9.2% over the same period in […]
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Retail Asia26/03/2023
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Food

Vietnam rice price on top of the world

3min0
Vietnamese 5% broken rice has been the most expensive in the world since August last year, surpassing rivals Thailand and India, according to the Ministry of Industry and Trade. In the first two months of this year Vietnam’s average rice price was over $519 per ton. Since August last year, it has exceeded Thai prices […]
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Retail Asia21/02/2023
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Food

Vietnam rice exports to Taiwan continue to rise

1min0
Vietnam’s rice exports to Taiwan rose by 18.5% last year as quality improved and prices were competitive. It shipped 20,281 tons worth over US$10 million, accounting for more than 16% of Taiwan’s imports, the third highest market share. In recent years Vietnam’s exports of high-grade rice to the market have been steadily increasing as its […]
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Retail Asia08/02/2023
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Food

Vietnam rice exports plummet on lower global demand

1min0
Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank. In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development. Global demand was lower since inventories remained high in many countries, it said. The U.S. Department of Agriculture said in its January […]
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Retail Asia01/12/2022
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Food

Low-quality rice imports to be restricted

2min0
The Ministry of Industry and Trade is drafting a decree on rice trade to limit the import of low-quality grain. The volume of low-grade rice imported from India has surged due to low vietnaprices and zero import tax under the ASEAN-India Free Trade Area, potentially affecting Vietnam’s own rice production and food security. Last year […]
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Retail Asia31/10/2022
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Food

Vietnam Jan-Oct rice exports at 6.1 mln tonnes

1min0
Vietnam’s rice exports in the January-October period are estimated to have risen about 17.2% from a year earlier to 6.07 million tonnes, government data showed on Saturday. Revenue from rice exports in the period is seen up 7.4% to $2.7 billion. October rice exports from Vietnam, one of the world’s leading shippers of the grain, […]
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Retail Asia04/08/2022
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Food

Rice exports jump 20 pct

1min0
Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development. But earnings were only 9 percent higher at US$2 billion since global rice prices have fallen by over 10 percent to $489 a ton. Exports to the U.S. grew fastest […]
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Retail Asia21/06/2022
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Food

Rice firms to see profits fall as input costs grow

4min0
Vietnam’s rice firms are having to lower their profit plans and targets this year as input costs rice and demand falls. Prior to the annual meeting of its shareholders, the Trung An Hi-tech Farming JSC adjusted profits down to VND100 billion ($4.3 million), six times lower than its earlier plan. An Giang Import Export Company […]
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Retail Asia08/06/2022
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Food

Rice export prices continue to drop

2min0
Average rice export prices fell for a second straight month to US$415-420 a ton, resulting in a marginal year-on-year decline in revenues for Vietnam despite higher volumes. The country exported 2.86 million tons for $1.39 billion in the year to date, up 10.3 percent in volume but down 1 percent in value, according to data […]
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Retail Asia09/05/2022
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Food

Rice export prices drop in Q1

1min0
Average rice export prices dipped by 10.6 percent in the first quarter, resulting in a 6-percent decline in revenues. Vietnam exported 2.05 million tons of rice for US$1 billion, up 4.4 percent in volume but prices fell to $386.2 a ton due to abundant supply, according to the Ministry of Agriculture and Rural Development. On […]
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Retail Asia27/04/2022
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Food

Rice exports to Russia jump in Q1

2min0
Vietnam’s rice exports surged 2.6 times year-on-year to over US$553,000 in Q1, according to Vietnam Customs. The grain was one of Vietnam’s few exports to Russia that increased in the first quarter as the Russia-Ukraine crisis impacted other suppliers. It was one of only eight export items that saw increases out of 23. Overall exports […]
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Retail Asia11/04/2022
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Food

Rice export prices rise to 3.5-month high

2min0
The prices for Vietnamese 5 percent broken rice rose to $420 per ton late March, the highest in the past 3.5 months. Vietnam exported 1.48 million tons of rice worth $715 million in the first three months this year, up 24 percent in volume and 10.5 percent in value against the same period last year, […]
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Retail Asia22/02/2022
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Food

Rice profits up around 15 pct

2min0
Major rice producers and exporters saw their after-tax profits last year increase around 15 percent against the previous year thanks to stronger domestic and overseas sales with higher export prices. Loc Troi Group JSC reaped the biggest-ever revenues of over VND10.2 trillion ($443.4 million) and after-tax profits of more than VND420 billion, up 36 percent […]
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