Vietnam sells more rice mainly to China

Vietnamese rice got off to a good start this year as the country recorded increasing rice exports last month with China its top customer.

Rice exports reached 517,000 tonnes last month, a 16.4% rise in volume and 19.5% jump in value from January 2013, the Vietnamese Agriculture and Development Ministry reported in the Vietnam News on Thursday.

The country bagged US$243 million (8 billion baht) from selling the product, 31% of it going to China. But the exports to Malaysia and the Philippines dropped, it added.

Thailand once was the leading rice exporter but it was surpassed by India and Vietnam after the government launched the rice pledging scheme which buys rice at 15,000 baht per tonne, far above the market price.

Share your thoughts

Discussion 1 : 07/02/2014 at 06:38 AM
Yesterday: China cancels Thai rice deal. Today: China buys rice from Vietnam. The message is clear.
Discussion 2 : 06/02/2014 at 09:43 PM
Rice is the first. Soon it will be tourism, and industry. The country has got get in the right direction. Education to include other languages, and history so the next generation will stop making the same mistakes done over, and over again.
Discussion 3 : 06/02/2014 at 08:24 PM
Awesome! From #1 rice exporter to #3 after India and Vietnam as a result off the Shinawatra Regime rice scam. Thanks Yingluck you really know how to drive an economy . . . into the ground.
Discussion 4 : 06/02/2014 at 08:03 PM
Thailand was knocked down to third place last year. What is their current position?

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