Export rice in February continued to decline sharply.
24
Feb
Although the export rice price in early 2021 increased by 3.4% compared to December 2020, the exported volume in the first 2 months of the year decreased by 34%.
Rice export prices in January 2021 averaged $ 551.7 / ton, up 3.4% compared to December 2020 and 15.4% compared to January 2020.
The Philippines – the leading market for Vietnam’s rice consumption in the first month of 2021, plummeted 38% in both volume and turnover compared to December 2020 to reach 169,871 tons, equivalent to $ 91.38 million, accounting for 48 % of the total rice export volume and value of the country. However, rice export prices to the Philippines increased slightly by 2%, reaching an average of 537.9 USD / ton.
Following the Philippines market is China with 57,849 tons, worth 30.13 million USD, down 1.2% in volume and 3.9% in turnover, accounting for 16% of the total rice export volume and turnover. of the country. Export price reached 520.9 USD / ton, down 2.8%.
Followed by the Gana market with a very strong increase of 144.8% in volume and 150% in turnover compared to the preceding month, reaching 39,341 tons, equivalent to 23.2 million USD, accounting for over 12% of the total volume. and the total rice export turnover of the country, but the export price increased only slightly by 2.1%, reaching 589.6 USD / ton.
