HANOI — Vietnam’s rice exports to the Philippines are forecast to rise 4.8% this year to 4.35 million metric tons, its Ministry of Industry and Trade said on Monday.
Vietnam will continue to be the Philippines‘ dominant rice supplier, the ministry said in a statement, noting shipments to the Philippines account for 40%-45% of Vietnam’s total rice exports over the recent years.
“Though the Philippines has been seeking to diversity its sources of rice, Vietnamese rice will continue to stand firm in the Philippines market due to its competitiveness,” the ministry said.
—Reporting by Khanh Vu; Editing by Christian Schmollinger
