News
Statistics from the Việt Nam Trade Office in Singapore showed that export turnover of glutinous rice to the city-state rose more than five fold to 8.9 million SGD, broken rice shot up 187.3 per cent to 1.5 million SGD, and milled or husked fragrant rice soared 161.35 per cent to 27.27 million SGD.
Rice export prices from Vietnam dipped slightly due to rising shipping costs. Philippines' tariff cut on rice will boost Vietnamese shipments. India's parboiled rice prices remained unchanged.
The establishment of five new specialised rice-growing zones is underway in the Mekong Delta to meet the growing demand of domestic and international markets.
Viet Nam will focus on Africa, West and South Asian markets to boost rice exports amidst harsh competition anticipated this year, according to the Ministry of Industry and Trade.
The Philippines’ National Food Authority (NFA) is expected to import an additional 100,000 tons of 25% broken rice from Vietnam at a price of US$416 per ton.