Rice export has many advantages after 9 months
According to the Ministry of Industry and Trade, rice exports increased over the same period in 2016 in both quantity and value thanks to the export growth in a series of key markets of our country such as China, Malaysia, Philippines, Bangladesh, both under contract and commercial contract. Specifically, in the Malaysian market, signed the contract concentrated with a total volume of 150,000 tons; The Bangladesh market has signed contracts with a total volume of 250,000 tons; In the Philippines, four Vietnamese traders have been awarded contracts to supply 175,000 tonnes of rice.
New markets, such as Australia and Iran, also have high growth potential. For example, with Iran, we have not previously exported to this market. But, in August 2017, an Iranian counterpart worked directly with a Can Tho rice business and agreed on a contract to export to Iran with demand for around 100,000 tonnes by the end of the year.
No favorable market, rice export prices are also very positive. On June 1, 2017, 5% broken rice price was $ 370-380 / ton and 25% broken rice was $ 340-350 / tonne. At some point in July, Vietnam's 5% broken rice price hit $ 405-415 / tonne and 25% was $ 380-390 / tonne. August 25, 5% broken rice export price is 380-390 USD / ton and 25% broken rice is 360-370 USD / ton (still higher than the beginning of June from 10-20 USD / ton) . Rice prices in September kept the same as August rice prices.
Rice prices have increased in recent months and maintained at high levels, contributing to the consumption of commodity rice at high prices, benefiting rice farmers. According to the Vietnam Food Association (VFA), the price of dry rice in the Mekong Delta region normally ranges from VND 5,200 -5,300 / kg, from VND 5,500 to VND 5,700 / kg, higher than the same period last year. VND 300-500 / kg. The price of raw material grade 1 makes 5% broken rice is about 7,000 - 7,100 VND / kg depending on the local. Price of rice 5% broken rice about 8,300 - 8,400 VND / kg, rice 15% broken 8,100 - 8,200 VND / kg.
The structure of export rice continues to have a positive shift. Exports fell sharply in the middle and low end rice segment; High-grade rice, high quality (glutinous rice, japonica, brown rice), suitable for orienting export market development.
According to VFA, from now until the end of the year, demand for rice imports in large markets such as China, Singapore is still very large. With the market situation, VFA forecasts that in 2017, rice export in the country (official category) will reach about 5.6 million tons. In particular, the total volume of exports expected in the last quarter of 2017 reached over 1.8 million tons.
Collect
