This is the country with the strongest increase in Vietnamese rice imports in the first 7 months of the year with a turnover of 7,283%.

According to preliminary statistics of the General Department of Customs, our country’s rice exports in July reached 660,738 tons with a turnover of US$362.66 million, up 7% in volume and 6.4% in turnover compared to the previous year. June 2023. The export price in July averaged 549 USD/ton, down slightly by 1% compared to the previous month.

Generally in the first 7 months of the year, the country’s rice exports brought in more than $2.6 billion with more than 4.8 million tons, a sharp increase of 20.1% in volume and 31.4% in value over the same period. period in 2022. The average export price of rice in the first 7 months of the year reached 535 USD/ton, up 9% over the same period last year.

In terms of market, the Philippines is still the largest market for Vietnamese rice. Specifically, in the first 7 months of the year, rice exports to this market reached nearly 1.94 million tons with a turnover of 984.9 million USD, down 2.1% in volume and up 6.5% in turnover compared to the same period last year. period in 2022, accounting for 39.6% in volume and 37.6% in total turnover. The average export price reached 508.3 USD/ton, up 8.8% over the same period.

Notably, although it is not the largest market for Vietnamese rice, this European country is the market with the largest increase in Vietnamese rice imports in the first 7 months of the year. Specifically, in the first 7 months of 2023, rice exports to Turkey reached 10,968 tons with a turnover of more than 7 million USD, a sharp increase of 6,390% in volume and 7,283% in value compared to the same period in 2022. Export price averaged $643/ton, up nearly 14% over the same period.

source: General Department of Customs

However, despite being the country with the strongest increase in imports, Turkey’s share in total volume and turnover was less than 1% of Vietnam’s total exports in the first 7 months of the year.

Rice is the hottest food right now after India, which exports 40% of the world’s output, issued an export restriction order to ensure supply and stabilize domestic market prices. Not only India, the world’s rice “capital” Thailand is also facing supply difficulties when the Government encourages people to grow crops that require less water instead of rice due to the dangerous El Nino weather phenomenon. chance of drought. Immediately, rice prices reacted when in the Asian market, rice prices set a 15-year record in price.

Countries are increasing their rice stocks from other sources, including Vietnam, whose exports are skyrocketing in July and the first 7 months of the year. The export price of rice is also witnessing a strong increase. In the context that countries are likely to increase their rice imports from Vietnam sharply in the coming time, Prime Minister Pham Minh Chinh signed Directive No. 24/CT-TTg dated August 5, 2023 on solid assurance national food security and promote sustainable rice production and export in the current period, in which one of the important tasks is to ensure the production target of over 43 million tons of rice per year.

Specifically, the Prime Minister assigned the Minister of Agriculture and Rural Development to assume the prime responsibility for, and coordinate with the Minister of Natural Resources and Environment in, directing localities to review planning orientations and develop the leading rice production areas. large-scale, high-quality, secure rice-growing area, closely monitor the weather, natural disasters and epidemics to promptly adjust production, ensuring the production target of over 43 million tons rice/year in the following years. Expeditiously develop, implement on schedule and effectively the project “Sustainably develop one million hectares specializing in high-quality low-emission rice cultivation associated with green growth in the Mekong Delta to 2030” .

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