HANOI (Vietnam News/ANN): Vietnam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Vietnam Nam Trade Office in Algeria said.
This year, Senegal's demand for imported rice is forecasted to be high because people are storing more food, including rice, during the serious outbreak of locusts in East Africa – which has destroyed crops – and the Covid-19 epidemic, it said.
According to the US Department of Agriculture, Africa's rice demand in 2020 is estimated at 15.7 million tonnes. Of which, Senegal may have to import 1.3 million tonnes, it said.
In 2019, Vietnam had strong growth in rice exports to Senegal compared to 2018, the trade office said. The exports reached 96,665 tonnes of rice, earning US$32.6 million, up 13 times in volume and 10.2 times in value year on year.
In this market, Vietnamese rice has to compete with rice from India, Pakistan, Thailand, China, Brazil, Argentina, Uruguay, the US, Malaysia and Cambodia. - Vietnam News/Asia News Network