Vietnam: Rice Trade - Monthly

  |   Attaché Report (GAIN)   |   VM2023-0057

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Office of Agricultural Affairs, Hanoi   |   (011-84-24) 3850-5000 x 6106

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Vietnam: Rice Trade - Monthly

In August, Vietnam's rice export prices surged by 22 percent compared to the previous month, reaching an average of USD 654 per ton. Its exports volume saw a significant increase of 40 percent, reaching 921 million tons after India, United Arab Emirates and Russia imposed a ban on rice exports. Cumulatively, in the first 8 months of 2023, Vietnam has surpassed Thailand to become the world's second-largest rice exporting country, with a total volume of 5.9 million tons. Vietnam's main export destinations are the Philippines, Indonesia, Ghana, China, and Malaysia. Notably, exports to the Philippines soared to 409 thousand tons, marking a 75 percent spike from the previous month, and the country now comprises 44% of Vietnam's export market. Exports to Indonesia increased modestly while exports to Ghana and China experienced significant jumps.

East Asia and the Pacific, Vietnam
Grains, Feeds and Fodders, Rice

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