Rice exports of Vietnam face tough year aheadVietnam farmers face another difficult year as confidence falters with industry analysts particularly pessimistic the country will reach overseas sales of more than five million metric tons in 2017, the Vietnam Food Association has said. Rice exports of Vietnam, he said, would most likely face another lacklustre year as supply outstrips demand and global competition gathers steam. Global rice exports, he added, are expected to jump by one million metric tons or 2.6% to 40.6 million metric tons. Huynh The Nang, chair of the Association, in turn pointed out that despite the obstacles Vietnam exports face, rice farmers and other actors in the industry have set targets exceeding the volumes achieved last year. Most importantly, he noted that Vietnam rice faces tough competition in terms of price from Pakistan and India.

Source: VietNamNet News February 09, 2017 09:45 UTC