Thursday, 3 January 2013

Viet Nam Hits Record Export Rice Volume in 2012

Viet Nam’s export rice volume in December 2012 reached about 630,000 tonnes, raising the figure for the whole of 2012 to 8.1 million tonnes, up 13.9 per cent against 2011, according to the Ministry of Agriculture and Rural Development.

The year’s volume brought Viet Nam a total value of USD3.7 billion, a 2.1 per cent rise from the previous year.

This is considered a big success for Viet Nam’s rice sector after a year full of changes in the financial situation and rising agricultural material costs, according to Vietnamese communist party sources.

In 2012, with a 6.4 fold increase in volume and a 5.4 fold rise in value, China became the largest rice importer from Viet Nam.

Meanwhile, traditional markets such as Africa, Indonesia, Singapore, Senegal, and the Philippines witnessed reduction in both import volume and value.

In 2013, the Viet Nam rice export sector is forecast to face difficulties, as some markets are showing signs of reducing import volumes.

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