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Home > News Updates > News Headlines
News Headlines

GLUTINOUS RICE EXPORTS TO CHINA SLOWING DOWN
8/7/2017

VIETNAM BUSINESS NEWS (07/08/2017)

GLUTINOUS RICE EXPORTS TO CHINA SLOWING DOWN

Statistics from the Vietnam Food Association show that 2.65 million tonnes of rice were shipped abroad with free-on-board value of US$1.65 billion in the first six months of 2017, an increase 0.25% in volume and 1.85% in value from the same period last year. More than 1.16 million tonnes or 43.8% of the volume was shipped to China between January and June.  Meanwhile, more than 660,000 tonnes of the total exported rice was glutinous rice, surging 34% from a year earlier.  Overseas shipments of glutinous rice have sold well for the last three years as China began to purchase more of this product. Glutinous rice has made up 25% of exported rice volume, compared to 16.65% and 6.65% in the respective first halves of 2016 and 2015. Most of Vietnam’s glutinous rice was destined for China, with a little for Indonesia. The demand for glutinous rice in China has been relatively high in recent years, boosting both domestic and export prices. Businesses even exported glutinous rice at US$490-500 per tonne at the end of this year’s winter-spring crop. However, glutinous rice exports to China have slowed down over the last week, causing a drop in export prices, from US$460-470 per tonne a week ago to US$420-430 per tonne at present. Domestic prices also fell from VND10,800-11,200 per kg to VND10,400 per kg, said Dang Thi Lien – Director of the Long An Foodstuff Co. Ltd.  

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