Vietnam adjust rice exporting target to 5.65 million tonnes
Thứ Tư, 13/07/2016, 10:20
Vietnam's rice exports in the first half of the year fell by 32 per cent over the same period last year, mostly due to competition from other countries, according to Vietnam Food Association.
The association has adjusted the total rice export target for the year from 6.5 million to 5.65 million, excluding border trade, a year-on-year fall of 14 per cent.
For the first six months, a total of 2.7 million tonnes of rice were exported. During this period, total rice exports to Asia fell by 5.4 per cent, dropping by 9 per cent to China and 52 per cent to the Philippines.
Market conditions for Vietnam's rice export could change if the Philippines, Indonesia and others bought more rice from Vietnam.
source: VTV
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