Hanoi, VN — The total harvest area for Vietnam’s marketing year 2020/2021 (MY20/21) has been revised downward to 7,305 thousand hectares (THA), but production up to 27.38 million metric tons (MMT) (milled rice equivalent) on higher production of the autumn crop, according to a report from the Foreign Agricultural Service of the U.S. Department of Agriculture (USDA).
As the shift from paddy production to other crops and non-agricultural purposes continues, the MY21/22 total harvest area has been revised down to 7,300 THA, but production up to 27.19 MMT, considering efforts in adjusting the seedling schedule to prevent drought and salinity intrusion impacts.
The estimate for Vietnam MY20/21 exports and imports has also been revised up to 6.3 MMT and 1.6 MMT.
Higher production and imports should result in higher stocks in MY20/21 and MY21/22.
To read the full report, click here.