Vietnam: largest source place of rice for Ningbo

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Category: Ningbo News

Published: Monday, 18 June 2012 09:25

The import of rice from Vietnam has overridden that from Thailand and Vietnam became the largest rice exporter in Ningbo, despite the fact that rice from Thailand once accounted for over 90 percent of the total imported volume of the city. 
Statistics shows that Ningbo Entry-exit Inspection and Quarantine Bureau accepted 15 times of rice inspection appliances, involving 5,080 tones of rice worth of 2.49 mln dollars till the end of May. Among which 9 times are rice from Vietnam, having 4,400 tones worth of 1.74 mln dollars. These three figures soared by 8 times, 28 times and 24 times respectively and accounted for 60.0 percent, 86.6 percent and 69.9 percent of the total figures respectively.  
The flood last year curtailed the output of rice in Thailand. In addition, the exchange rate and the intervention measures Thailand government adopted made the rice price higher than other exporters, leaving it incompetent with the price of Vietnam rice. Moreover, the rising of China’s price level made Vietnam rice even popular in China. Statistics showed that China had become the largest importer of Vietnam rice, with the export volume rising by 4.4 times and export value 4 times, reported by a Vietnam newspaper.