Rice exports decline in January
Vietnam exported 325,000 tonnes of rice worth US$136 million in January, down 32% in volume and 35.1% in value compared to the same month in 2016.
Chairman of the Vietnam Food Association Huynh The Nang said the rice sector will face more difficulties this year.
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In 2016, China was the biggest rice importer of Vietnam by purchasing 1.74 million tonnes of rice worth US$782.3 million, representing a respective yearly decline of 17.5% and 8.6%.
Other major rice importers in ASEAN such as the Philippines, Malaysia and Indonesia also witnessed strong reduction of 64.1%, 45.5% and 51.8%, respectively.
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