Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.
Vietnam exported 900,000 tonnes of rice worth 410 million USD in January-February, up 27 percent and 32 percent, respectively. (Photo: VNA)
Hanoi (VNA) – Riceis one of the rare commodities that is not being seriously affected by theCOVID-19 pandemic, with both export volume and value increasing in the firsttwo months of 2020.
Accordingto the General Statistics Office, Vietnam exported 900,000 tonnes ofrice worth 410 million USD in January-February, up 27 percent and 32 percent,respectively.
ViceChairman of the Vietnam Food Association Do Ha Namsaid COVID-19 has not affected Vietnam’srice exports thanks to the country’s market diversification that means it doesnot have a heavy dependence on a single market.
Phan Xuan Que, General Director of the Vietnam NorthernFood Corporation (VINAFOOD 1), expressed his optimism about the prospects ofemerging markets in Africa.
In 2019, Vietnamearned 252.6 million USD from exporting 583,579 tonnes of rice to Ivory Coast, up111 percent in volume and 61 percent in value compared to the previous year.
Ghana alsoimported 427,187 tonnes of rice worth 212.65 million USD from Vietnam.
This year, African countries are likely to increase riceimports from Vietnam,he said.
Another positive sign for rice businesses is the pricescould surge due to strong demand from the Philippinesand Malaysia.
Que said with the results from January-February, it isfeasible for the rice industry to realise its target of grossing over 3 billionUSD from shipping 6.7 million tonnes abroad this year.
Besides, the EU-Vietnam Free Trade Agreement (EVFTA) isexpected to create more competitive advantages for Vietnam’s rice exports to the EUonce it takes effect and offers zero-percent tariffs./.
Vietnam shipped 884.94 million USD worth of rice to the Philippines in 2019, a year-on-year rise of 92.58 percent, according to the General Department of Customs.
Vietnam exported 560,000 tonnes of rice in January 2020, earning 270.3 million USD, an increase of 12 percent in volume and 39 percent in value month-on-month, according to the General Department of Customs.
Prices of rice exports have been surging in recent time due to high demand from some markets such as Malaysia, the Republic of Korea (RoK), the Philippines, and Indonesia, according to the Vietnam Food Association.
Vietnam is enjoying strong growth in both rice export volume and value, and more export chances are still ahead as some free trade agreements (FTAs) have come into force and consumers around the globe are boosting purchase to ensure food security amid the COVID-19 outbreak.
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Vietnam exported 900,000 tonnes of rice worth 410 million USD in January-February, up 27 percent and 32 percent, respectively. (Photo: VNA) 
