The first is a certificate of eligibility for rice export business issued by the Ministry of Industry and Trade. The conditions and procedures for the rice export business changed quite a lot, so importers and exporters should be aware of it.

Transportation Procedures for Philippines import rice from Vietnam Therefore, the export price of vietnamese rice to the Philippines slightly increased to 438-442 USD/ton. These figures show that rice production in Vietnam is stable, however, currently, the summer-autumn crop has been fully harvested while the government is increasing national reserves, thereby pushing up domestic and export prices. After more than 30 years, rice production increased by nearly 28 million tons. In 2018, the rice production area of the country was more than 1.3 times higher, the rice yield was more than 2 times and rice output was 2.7 times higher than 1986. In the period 1986-2018, Vietnam’s rice area and production continuously increased, from 5.7 million hectares and 16.0 million tons in 1986 to 7.6 million hectares and 44.0 million tons in 2018 thanks to many innovations in politics and economics. Some significant factors have an influence on the amount of rice imported from another nation, which can affect volume increase or decrease in a negative or positive way. the Export price of Vietnamese white rice to the Philippines varies 434-452 USD/MT.Īdvantage of tax incentives Main factors affecting the price: Philippines import rice from Vietnam White rice is also known as pureed or fully polished rice since the husk, bran, and germ of the grain are removed during the preparation process. The Philippines imported an enormous amount of white rice each year, more than 100,000 MT in 2020, accounting for 53.7% of the white rice from Vietnam turnover because of its simple, starchy flavor, it pairs well with a lot of salty and sour local dishes. The country imports a lot of white rice, jasmine rice and fragrant rice. In the first three months of 2021, the volume of Philippines import rice from Vietnam was 411,580 tons, worth $220 million. Leading products that Philippines import rice from Vietnam Vietnam offers a wide range of premium to medium quality rice that is suitable for Filipino palates such as jasmine, OM 5451 rice, who are used to the taste of these kinds of rice.

Moreover, Vietnam is the second largest rice exporter in the world, so Vietnam can ensure the supply as well as reasonable prices for the Philippines. Vietnam is a country in Southeast Asia with the Philippines, this will help reduce transportation costs instead of importing from a more remote country like India. Philippines import rice from Vietnam for some basic reasons. General figures about Philippines import rice from Vietnam Specifically, in the first three months of the year, the Philippines was Vietnam’s largest rice consumption market with 36.3% market share, volume and value reached 411,580 tons respectively, down 30.7% in volume over the same period in 2020. The Philippines imported nearly 412,000 tons of rice from Vietnam, worth $220 million in the first three months of 2021. General figures about Philippines import rice from Vietnamīy 2021, the Philippines ranks first in Vietnam’s rice import market with 32.9% market share, reaching 1.86 million tons and 868.66 million USD in the first 11 months of 2020, down 4.3% in volume but increased by 8.4% in value over the same period last year. Vietnam’s rice exports to the Philippines accounted for 87% of the country’s rice imports in the first half of this year.

6.5 Sunrise Foodstuff., JSC – a supplier of Philippines import rice from VietnamĪn overview of Philippines import rice from Vietnam.

6.3 K-Agriculture Factory – a supplier of Philippines import rice from Vietnam.

6 Philippines import rice from Vietnam: Top 5 Vietnamese rice suppliers.

5 Philippines import rice from Vietnam: Ways to work with Vietnamese rice suppliers.

4.2 Procedures for Philippines import rice from Vietnam.

4.1 Procedures for Vietnam to export rice.

4 Procedures for Philippines import rice from Vietnam.

3 Main factors affecting the price: Philippines import rice from Vietnam.2.3 The advantage of rice varieties is suitable for the living habits of the Filipino people.2.2 Productivity advantage and stable output.2 Reasons why Philippines import rice from Vietnam.1.2 Leading products that Philippines import rice from Vietnam.1.1 General figures about Philippines import rice from Vietnam.1 An overview of Philippines import rice from Vietnam.

Rice export philippines