Vietnam adjust rice exporting target to 5.65 million tonnes

The association has adjusted the total rice export target for the year from 6.5 million to 5.65 million, excluding border trade, a year-on-year fall of 14 per cent.

For the first six months, a total of 2.7 million tonnes of rice were exported. During this period, total rice exports to Asia fell by 5.4 per cent, dropping by 9 per cent to China and 52 per cent to the Philippines. 

Market conditions for Vietnam’s rice export could change if the Philippines, Indonesia and others bought more rice from Vietnam.