Vietnam is a top rice exporter to Philippines: Trade Office

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam still dominates Philippine rice import
Loading rice for export (Source: VNA)

The Rice Import Licensing Authority of the Philippine Department of Agriculture reported that the country imported a total of 3.68 million tonnes of rice as of the late October, significantly higher than the same period last year and already surpassing the total rice imports for the entire year of 2023, as estimated by the authority.

Given this growth trajectory, it is projected that the Philippines' total rice imports for 2024 will exceed 4 million tonnes, potentially reaching up to 4.5 million tonnes.

To secure the sustainability of Vietnam's rice exports to the Philippines, the Vietnam Trade Office advised domestic exporters to prioritise stable rice quality while continually improving their products. This strategic focus will not only boost export value but also mitigate price competition among companies.

TIN LIÊN QUAN
PM Pham Minh Chinh chairs discussion on high-quality, low-emission rice cultivation in Mekong Delta
Prices of fresh areca nuts in Vietnam hit record highs due to Chinese demand
Enjoy quintessence of Vietnamese rice with Minh Chau Dried Rice
Petrol prices down slightly in latest adjustment
Petrol prices down, oil prices up in latest adjustment by ministries: MOIT and MOF
(Source: VNA)