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    Home > Food News > Food Articles > The Philippines continues to be Vietnam's largest rice export market

    The Philippines continues to be Vietnam's largest rice export market

    • Last Update: 2022-11-14
    • Source: Internet
    • Author: User
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    In October 2022, Vietnam exported about 700,000 tons of rice, earning US$334 million in
    foreign exchange.
    In the first 10 months of 2022, Vietnam's rice exports and exports reached 6.
    07 million tons and US$2.
    94 billion, respectively, up 17.
    2% and 7.
    4%
    year-on-year.
     
    In the first 10 months of this year, Vietnam's average export price of rice reached US$484 per tonne, down 8.
    3%
    year-on-year.
    In the first September, the Philippines became the largest market for Vietnam's rice exports with a market share of 43.
    9%, with exports reaching 2.
    47 million tons and US$1.
    14 billion respectively, up 35.
    3% and 22.
    2%
    year-on-year, respectively.
     
    In October, Vietnam's rice export price was in the range of 425~430 US dollars per ton, the highest
    since November 2021.
    Industry experts predict that Vietnam's rice exports may increase
    this year.
     
    Meanwhile, Thai rice export prices fell to their lowest level
    in nearly three months due to a weak Thai baht and falling demand.
    The price of rice in the country, which contains 5 percent broken rice, fell by $28 to $407 a tonne, the lowest level
    since the end of July.
     
    Positive signals from export activity led to a sharp increase
    in rice prices in provinces and cities in the Kowloon River Delta at the end of October, amid strong demand and tight supply.
    (End)
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