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Vietnam to begin rice exports to Iran

Staff Writer | October 7, 2017
The southern Vietnamese city of Can Tho expects to export its first batches of rice to Iran in the last quarter of 2017, deputy director of the city’s Department of Industry and Trade said.
Vietnam rice
Food trade   In the last quarter of 2017
At a meeting to review import-export activities organized by the city’s People’s Committee, Huynh Trung Tru also said a company in Iran in August directly dealt with a rice firm in Can Tho to finalize a contract to export to Iran 100,000 tons of rice from now until the end of the year, Vietnam News reported.

“Previously, Can Tho did not export rice to this market,” the official said.

According to Tru, if rice shipment to Iran meets favorable conditions, the city hopes that the partner will sign a longer term contract next year.

Tru said demand for rice imports has increased in many markets such as Bangladesh, the Philippines and Iran.

In the first nine months of 2017, the city’s total rice export volume reached over 638,000 tons, bringing a turnover of $262 million, up 22% and 20% year-on-year, respectively.

According to VFA, in the first nine months of the year, Vietnam exported 4.57 million tons of rice, reaping a turnover of $2.02 billion, rising by 20.8% in volume and 18.6% in value against the figures of the corresponding period last year.