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Vietnam aims to increase market share in Africa

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market. Hanoi (VNA) – Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as […]

Vietnam’s Rice Exports Reach Record Levels Despite Production Drop.

Vietnam’s rice exports are set to hit a record 8.9 million tons in 2024, despite a decline in domestic production. This increase is largely due to heightened demand from international markets such as the Philippines, Indonesia, and Malaysia. Vietnam’s rice import volumes from Cambodia have also increased, helping meet this export demand. Cambodian farmers have […]

India rice prices extend declines on rupee plunge

Reuters MUMBAI/ HANOI /BANGKOK/BANGLADESH: Prices of rice exported from top hub India fell for a third straight week, hitting a 15-month low, due to rupee depreciation and increased supply. India’s 5% broken parboiled variety was quoted at $440-$447 per metric ton this week, the lowest since July 2023 and down from last week’s $442-$449. Indian […]

Vietnam takes advantage of low global rice prices with import surge

Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s. Preliminary statistics from the General Department of Customs show that in October, Vietnam exported 0.8 million tons of rice, generating $505 million. This represents a 29% increase in volume and a […]

Surging rice import is business as usual: MARD

Việt Nam is set to export over 8.6 million tonnes of rice in 2024 while also ranking as the third-largest importer globally. Meanwhile, the Southeast Asian country has also become a major importer of rice, ranking third after Indonesia and the Philippines, according to the latest forecast by the US Department of Agriculture. Data from […]

Indonesia to develop 3 million more hectares of rice fields

The Indonesian government is working to implement a programme to develop 3 million hectares of new rice fields to strengthen the country’s food resilience amid global challenges and increasing population demands, the national news agency Antara has reported. Jakarta (VNA) – The Indonesian government is working to implement a programme to develop 3 million hectares […]