According to preliminary statistics from the General Department of Customs, in May 2024 Vietnam’s rice exports decreased by 14.6% in volume, decreased by 15.8% in turnover compared to April 2024 and prices decreased by 1. 5%, reaching over 856,197 tons, equivalent to 521.69 million USD, average price 609.3 USD/ton. In the first 5 months of 2024, rice exports will increase by 11.2% in volume, 33.5% in turnover and 20.7% in price compared to the first 5 months of 2023, reaching nearly 4.03 million tons. , equivalent to nearly 2.56 billion USD, average price 635.6 USD/ton.Vietnam’s rice exports the most to the Philippine market in the first 5 months of 2024, accounting for 45.5% of the total volume and 46.6% of the country’s total rice export turnover, reaching over 1.83 million. tons, equivalent to over 1.14 billion USD, price 623.2 USD/ton, up 19.6% in volume, up 47.8% in turnover and up 23.6% in price compared to the first 5 months of 2023; In May 2024 alone, exports reached 342,338 tons, equivalent to 206.09 million USD, price 602 USD/ton, down 28.5% in volume, down 28.2% in turnover but slightly up 0.5% in price compared to with April 2024.Rice exports to Indonesia ranked second in the market, increasing sharply by 83.4% in volume, 133.9% in turnover and 27.5% in price compared to the first 5 months of 2023, reaching 676,762 tons, equivalent to 424,000 tons. 11 million USD, priced at 626.7 USD/ton, accounting for nearly 17% of the country’s total rice export volume and turnover.Next, rice exports to the Malaysian market increased by 82.5% in volume, 125% in turnover and 23.3% in price compared to the first 5 months of 2023, reaching 337,963 tons, equivalent to 202.65 million USD, Average price is 599.6 USD/ton, accounting for 8.4% of total volume and 7.9% of total turnover.The Vietnam Food Association (VFA) said that Vietnam’s rice exports have continuously increased sharply in recent times because food demand in many countries around the world has increased after India (a rice exporting country). world leader) bans the export of regular rice. Currently, main markets such as the Philippines, Indonesia, China, Ghana… are all increasing their purchases of Vietnamese rice, especially the Philippines.According to the Vietnam Food Association, in 2024, Vietnam aims to export rice to reach 5 billion USD, 300 million USD higher than in 2023. With the results in the first 5 months of the year, it is certain to export rice all year will exceed the set target. However, the Vietnam Food Association believes that there are still many shortcomings, limitations and problems in our country’s rice production and export activities that need to be focused on identifying and having fundamental solutions to overcome. . Vietnam’s rice export price has reversed from being the highest in the world, falling to the lowest among the group of major rice exporting countries.