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In September, Vietnam's rice export prices declined by 6 percent compared to the previous month with an average export price of USD 617 per ton.
Representing more than 8 percent of Costa Rica's national economy, tourism is a significant driver of food service demand and wields considerable influence over consumer-oriented product import suppliers to Costa Rica.
In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.
This report provides the latest update regarding developments in Vietnam’s Hotel, Restaurant, and Institutional (HRI) food service sector and provides a road map for exporters wishing to enter the market.
In August, Vietnam's rice export prices surged by 22 percent compared to the previous month, reaching an average of USD 654 per ton.
After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.
FAS/Hanoi’s successful in-store promotion in July 2023 at the WinMart retail chain highlights growing opportunities to promote U.S. food, beverages and agricultural products in Vietnam.
India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.
In July, Vietnam's rice exports surged to 656,869 tons, with its primary export markets being the Philippines, Indonesia, Ivory Coast, Ghana, and China. Notably, shipments to the Philippines soared to 239,400 tons, marking a 45% spike from the previous month and securing a 36% share of the export market.
U.S. rough rice exports have plummeted and the decline of Costa Rican rice production has accelerated sharply following the Government of Costa Rica’s August 2022 tariff rate reduction on imported rice from all origins.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
The Costa Rican retail sector continues to grow with an increasing number of modern supermarkets stocking a growing range of imported products.