Vietnam: Rice Trade - Monthly

In July, Vietnam's rice exports surged to 656,869 tons, with its primary export markets being the Philippines, Indonesia, Ivory Coast, Ghana, and China. Notably, shipments to the Philippines soared to 239,400 tons, marking a 45% spike from the previous month and securing a 36% share of the export market. Meanwhile, exports to Indonesia, the second-ranked market, accounted for 17% of market share but experienced an 11% decline. The average export price for all rice types rose by 8% compared to the previous month due to India's ban on non-basmati white rice exports on July 20, followed by the ban on rice exports by the United Arab Emirates and Russia a week later.