Vietnam 2025 rice exports seen falling 11.5% on Philippines import ban

FILE PHOTO: A woman holds an umbrella to protect herself from the sun while tending to buffalo next to a rice paddy field in Vietnam's Dien Bien province on May 4, 2024. - AFP

HANOI: Vietnam's rice exports are forecast to fall 11.5 per cent this year to around eight million metric tonnes due to a sharp fall in shipments to the Philippines, the chairman of the country's food association said on Tuesday (Dec 2).

Vietnam is the world's third-largest rice exporter, after India and Thailand, and its key markets are the Philippines, Indonesia and Africa.

Its shipments to the Philippines, its largest market, came to a halt after the Philippines put a ban on rice imports in September to protect local farmers. The ban is set to last until the end of this year. - Reuters