Vietnam's rice exports have declined sharply in May 2015 reportedly due to a decline in export demand and stiff competition from India and Thailand. While share of Vietnam's rice exports to Asian, American and Australian destinations declined in May 2015, its share of exports to Africa and Europe increased during the month.
Vietnam has exported around 526,133 tons of rice in May 2015, down about 21% from around 668,177 tons exported in April 2015, and down about 10% from around 585,346 tons exported in May 2014.
Asia accounted for around 375,569 tons (about 71% of total rice exports by Vietnam in May 2015) in May 2015. Month-on-month, Vietnam's rice exports to Asian destinations declined about 28% from around 520,386 tons exported in April 2015. Year-on-year, they declined about 24.5% from around 497,526 tons exported in May 2014.
Vietnam exported around 84,371 tons of rice to Africa (about 16% of total May 2015 exports) in May 2015, up about 17% from around 71,993 tons exported in April 2015, and over two times from around 35,008 tons exported in May 2014, according to USDA.
Vietnam exported around 58,239 tons of rice to American destinations (about 11% of May 2015 exports), down about 14% from around 67,757 tons exported in April 2015, and up about 35.5% from around 42,961 tons exported in May 2014.
Vietnam's exports to Australia (about 0.6% of May 2015 exports) declined about 28% to around 3,391 tons in May 2015 from around 4,729 tons exported in April 2015 and increased about 4.3 times from around 797 tons exported in May 2014.
Vietnam's exports to Europe and CIS countries (about 0.8% of total May 2015 exports) accounted for around 4,563 tons in May 2015, up about 38% from around 3,312 tons exported in April 2015 and down about 50% from around 9,054 tons exported in May 2014.
In terms of grade, 5% broken rice exports accounted for around 174,132 tons (or, about 33% of total May 2015 exports); Jasmine rice exports accounted for around 114,903 tons (or, about 22% of total May 2015 exports); 15% broken rice exports accounted for around 73,940 tons (or, about 14% of total exports in May 2015); 25% broken rice exports accounted for around 3,265 tons (or, about 0.6% of total exports in May 2015); glutinous rice exports accounted for around 69,611 tons (or, about 13% of total May 2015 exports); and 10%, 100% and other varieties accounted for around 90,282 tons (or, about 17% of total exports in May 2015).
Source:- hellenicshippingnews.com
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