Indonesia’s National Logistics Agency announced a tender for 500,000 tonnes of imported rice, including 300,000 tonnes for supplies from Vietnam, Thailand, Myanmar and 200,000 tonnes from Pakistan.
The successful bidder will deliver the goods to Indonesia by December 25. With continued increases in purchases, Indonesia has overtaken China to become Vietnam’s second-largest rice importer.
Indonesia imported 871,000 tonnes of rice from Vietnam in the first nine months of this year, 16 times more than the same period last year.
The Philippines, Vietnam’s largest rice importer, also increased purchases again after nearly a month of suspension due to the imposition of a price ceiling on domestic rice.
On October 4, the Philippines raised the price ceiling for conventionally milled and well-milled rice.
In the first nine months, Vietnam’s rice exports to the Philippines reached 2.4 million tons, worth nearly $1.5 billion, a 20 percent increase in turnover .
China, Vietnam’s third largest rice importer, is also increasing its purchases of glutinous rice and ST 24 and 25 rice from Vietnam in October.
China imported 850,000 tonnes of Vietnamese rice in the first nine months, an increase of 35%.
In addition to the main markets mentioned above, Vietnam’s rice exports to Ghana, Turkey and Chile increased by 46% to several dozen times compared to the same period last year.
On October 9, the prices of Vietnamese 5% broken rice were $600-613 per ton, and fragrant rice was $640-650 per ton, $30 more than Thai rice and $65 more than Pakistani rice.
Vietnam exported 6.35 million tonnes of rice worth a total of $3.5 billion in the first nine months, up 18% and 34% respectively.