From Bangkok Post
Vietnam expects rice exports this year to drop due to plunging demand in Southeast Asian markets and is bracing for stiff competition from other exporters including Thailand next year.
A Vietnamese worker carries a bag of rice in Hanoi on Dec 10, 2013. According to the Vietnam Food Association, Vietnam has exported around 6.2 million tonnes of rice since the beginning of the year. (EPA photo)
Huynh Minh Hue, the general secretary of the Vietnam Food Association, said rice exports would be down to 6.6 million tonnes by the end of this year due to decreasing demands from its main customers in Southeast Asia – Indonesia, the Philippines and Malaysia, the Vietnam News reported on Thursday.
Vietnam has targetted to export 6.7 million tonnes of rice this year
Indonesia did not buy at all while the Philippines and Malaysia reduced imports, he was quoted as saying.
The average export price of the Vietnamese rice was US$430.89 a tonne, down $14.50 from last year.
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