In the first 3 months of 2021, the Philippines was the biggest rice consuming market with 36.3% of the market share, volume and value reaching 411,580 tons and 219.96 million USD, respectively, down 30.7% in volume and down 14.5% in value over the same period in 2020.
The markets with a strong increase in rice export value were Ivory Coast with a 2.7 times rise and Australia with year-on-year growth of 66%. In contrast, the market with a big decrease in rice export value was Mozambique (down 53.5%). The average export price of rice in the first 3 months of 2021 reached 547.8 USD/ton, up 18.6% over the same period in 2020.
Regarding export categories, in the first three months of 2021, the export value of white rice accounted for 39.3% of the total turnover; jasmine rice and fragrant rice accounted for 36.0%; sticky rice accounted for 22.0%; japonica rice and Japanese rice varieties accounted for 2.6%, while other types of rice accounted for 0.1%.
The biggest white rice importers of Vietnam were the Philippines (63.1%), Cuba (12.6%) and Malaysia (5.7%).
For jasmine rice and fragrant rice, the biggest importers were the Philippines (21.9%), Ghana (19.8%) and Ivory Coast (16.8%). For glutinous rice, the major importers were China (82.5%), Malaysia (6.7%) and the Philippines (4.3%). With japonica rice and Japanese rice varieties, Vietnam’s biggest and second biggest importers were Solomon Islands (11.8 percent) and Cambodia (11.8 percent), followed by Saudi Arabia (8.7 percent). %).
According to the Ministry of Agriculture and Rural Development, in 2021, unfavorable weather conditions are forecasted in many parts of the world, so food production will decrease in many countries and the demand for rice imports will increase in 2021. European market is forecasted to be more exciting when the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, in which Vietnam is an important rice trading partner.