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Supply Chain

Vietnam 2019 Rice Exports Up 4.2% Year-On-Year: Customs

Rice exports from Vietnam, the world's third-largest shipper of the grain, rose 4.2% in 2019 from a year earlier to 6.4 million tonnes, customs data showed on Monday.

However, revenue from rice exports last year dropped 8.3% to $2.8 billion (€2.52 billion), the customs department said in a statement.

West Africa, the Philippines and Malaysia were among the largest buyers by volume of Vietnamese rice, it added.

In December, Vietnam's exports increased 36.7% from the previous month to around 500,000 tonnes, worth $228 million (€205.04 million).

The government's General Statistics Office late last month forecast 2019 rice exports at 6.259 million tonnes, and December exports at 390,000 tonnes.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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