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Positive sign in Vietnam’s rice exports PDF Print
Saturday, 12 December 2015 18:05

VIETRADE - Ministry of Agriculture and Rural Development (MARD) has showed that the rice export volume in October 2015 is estimated to reach 805,000 tons worth $332 million. In the first 10 months of 2015, the total rice export volume is estimated to reach 5.32 million tons with the value of $2.26 billion, dropped at 4,6% and 11,7% in term of volume and value respectively, compared to the same period of 2014. The average export price of rice in the first 9 months of 2015 was $428.69/ton, down 6.3% over the same period of 2014.


In the first 9 months of 2015, China remains the biggest rice importer of Vietnam with 37.03% market share, up 4.67% in term of volume but decreased 3.07% in term of value over the same period of 2014. Compared to the first 9 months of 2014, there were significant rises in terms of volume and value in leading import markets of Vietnam, such as: Malaysia ranked top 3rd, accounting for 9.11% market share, up 18.58% in volume and 9.22% in value; Ghana ranked top 4th, up 12.29% in volume and 5.35% in value, Ivorian ranked top 5th, increased by 42.72% in volume and 35.51% in value. The number of import markets of Vietnam experienced dramatic decline in terms of volume and value, for example: Philippines (dropped by 41.05% in volume and 45.27% in value), Singapore (a fall of 36.36% in volume and 33.58% in value) and Hong Kong (a decrease of 27.65% in volume and 34.56% in value).


According to the experts, in addition to current strong competitors, such as: Thailand, Pakistan, India and USA, both Myanmar and Cambodia have gradually become the emerging and dominant rice exporters, directly competing with Vietnam. Vietnam, therefore, has constantly faced difficulties in rice exports in recent years.


Besides, there has been a fierce competition among leading rice exporters in the world. In particular, under the strong pressure of huge rice inventory, Thailand and India initiatively decreased their export price in order to gain market share. Also, Thailand previously mainly focused on exporting premium rice, the segment of low grade rice seems not to be concentrated. However, within recent 2 years, Thailand has begun to stimulate its market share in above segment, directly affecting the market share of Vietnam in the international market. In the early 2016, Philippines plans to import extra 1 million tons of rice; therefore, domestic rice market in Vietnam is expected to experience a significant rise in export volume. This would open up opportunities to increase export volume again until the Spring-Winter crop 2016 while the rice supply of Winter-Fall crop decreased gradually due to the end of the season, this situation continues to benefit farmers because of the increase in rice price.


According to the Department of Processing and Trade for Agro-forestry-Fisheries Products (Ministry of Agriculture and Rural Development), because of the shortage in supply, Vietnam rice exporters have stopped selling the type of white long grain 25% broken.


In recent years, there have been a positive sign in domestic price of wheat because of the strong purchasing power of the collectors and brokers for exports. As the results, rice price increased in almost all Mekong River Delta provinces, particularly in Can Tho, the Winter-Fall wheat price witnessed the significant rise because of two reasons: (i) the shortage of supply and (ii) a growing demand of purchasing rice for exports to the Philippines. As the result, the wheat price in Can Tho went up from 300.000 VND to 400.000 VND per kilogram compared to the middle of harvest season.


The price of dried paddy in warehouse at Mekong River Delta remained from 5,300 VND to 5,400 VND/kg while that of paddy also remains from 5,500 VND to 5,600 VND/kg. The price of raw white rice producing white long grain 5% broken stood at 6,850 VND – 6.695 VND/kg depending on provinces and that of raw white rice producing white long grain 25% broken was 6,700 VND – 6.800 VND/kg.


After winning the contract supplying 450,000 tons of rice to the Philippines and 1 million tons of rice to Indonesia, the rice price of Vietnam increasingly went up and many Vietnam exporters predict that the price would be higher in coming time when Indonesia starts importing Vietnam rice.


 In the international export market, after the long time the Vietnam price is always lower than Thailand one, at this time, some of Vietnam ones were $ 10-15/ton higher than Thailand ones.

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