China the largest importer of riceAs per the report released by the Ministry of Agriculture and Rural Development, it has been indicated that overall in the last 11 months, China remained the largest importer of rice in Vietnam with 31.73% market share. Further, it has been stated that the volume of rice exports of Vietnam 12.2015 months estimated at 629 thousand tons with a value of USD 267 million, bringing the rice export volume is estimated at almost 6. 7 million tons and 2.85 billion, up 5.8% in volume but down 2.9% in value over the same period in 12, 2014. The average export price of rice in first 11 months of 2015 reached $ 425.83 / ton, down 8.05% over the same period of 2014. At present, China is still the largest rice importer of Vietnam in first 11 months of 2015 with 31.73% market share.

Further, there is indication that specifically, the first 11 months of 2015 rice exports to China increased market 4.97% in volume but fell 3.54% in value compared with the same period of 2014. Compared with the first 11 months of 2014, the market has a strong growth market rose 10.55% Malaysia in volume and increased by 1.12% in value, rising to No. 3 on rice import market of Vietnam. Occupying 8.11% market share; Indonesia increased 47.86% market in volume and 26.71% in value, at No. 4 on rice import market of Vietnam. Meanwhile, Gana increased 17.62% market volume and value increased by 8.70%, ranked No. 5 in the market of Vietnam to import rice.

Indian Queen Basmati Rice Ad.
Indian Queen Basmati Rice by Bharat Industrial Enterprises Limited

In this regard further, it has been narrated that Ivory Coast increased market volume and 43.01% increase of 26.67% in value, 6th of rice import market of Vietnam. It is noteworthy that the Russian market has a significant growth in Vietnam’s rice imports, increasing by 2.04 times in volume and 81.53% in value. The market has dropped sharply in the first 11 months of 2015 compared to the same period in 2014.It was the Philippines (down 19.66% in volume and 27.19% in value), Singapore (down 35.59% on the block quantity and 33.92% in value), Hong Kong (down 27.45% in volume and 35.54% in value) and the US (down 29.3% in volume and 24.14% in price value).

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