According to the Ministry of Agriculture and Rural Development (MARD), the figures represented a rise of 5.9 percent in volume and a drop of 9.8 percent in value compared to the same period in 2018.

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The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth 720 million USD, 2.9 times higher in volume and 2.6 times in value over the same period last year.

Strong growth was also seen in other markets, including Australia (75 percent), Ivory Coast (nearly 35 percent), and Hong Kong (nearly 35 percent).

The average rice price in the first eight months of 2018 fell 13.8 percent year on year to 435 USD per tonne.

White rice led the way in the period, accounting for 47 percent of total revenue, followed by Jasmine rice with 39.8 percent.

According to the Agro Processing and Market Development Authority (AgroTrade) under the MARD, the Philippine Government plans to diversify non-tariff measures to adjust rice import activities.

At the same time, the Philippine Department of Agriculture has also proposed the application of a defence tariff on imported rice at between 30-65 percent, which may affect Vietnam’s rice exports to the market in the future.

However, positive signals were seen in the Japanese market, which is considering switching rice imports from the US to signature countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), including Vietnam.

Meanwhile, Singapore has also shown more interest in rice from Southeast Asian countries such as Vietnam.

Thanh Hoa to provide more than 1,600 tonnes of rice for needy students

The north central province of Thanh Hoa will provide more than 1,600 tonnes of rice for some 21,000 students from disadvantaged ethnic minority areas.

Banh Gio – Rice cake with herbal ash

Vietnam is the country of cakes made from sticky rice. One of those is banh gio (or banh tro), a cake made from glutinous rice soaked in ash water.

Eight-month rice exports reach nearly US$2 billion

Vietnam exported about 4.54 million tonnes of rice worth nearly US$2 billion in the first eight months of this year, up 0.3% in volume but down 14.9% in value from a year earlier, according to the Agro Processing and Market Development Authority (Agrotrade).

PM approves rice aid for flood-hit residents

Prime Minister Nguyen Xuan Phuc has decided to provide 2,000 tonnes of rice from the national reserve as food aid to residents in the central provinces of Quang Binh and Ha Tinh who suffered from serious flooding.

Mekong Delta expects 150,000 more tonnes from summer-autumn rice crop

This summer-autumn crop, the Mekong Delta – Vietnam’s biggest rice granary – expects to harvest 150,000 tonnes of paddy more than last year, according to an official from the Ministry of Agriculture and Rural Development (MARD).

Source: VNA