Prices of Vietnam’s exported rice highest in the world
Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne, according to the Vietnam Food Associaion.
Price of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne (Photo: nongnghiep.vn)
Hanoi (VNA) – Prices of Vietnam’s exported rice are still thehighest in the world, with that of 5% broken rice reaching 638 USD per tonne,and 25% broken rice 623 USD per tonne, according to the Vietnam FoodAssociaion.
Meanwhile, Thailand’s 5% broken rice is sold at 628 USD pertonne, and that of Pakistan at 598 USD a tonne.
In the Mekong Delta – the largest rice granary of Vietnam,the price of paddy rice remains at an unprecedented high level in manylocalities, helping farmers achieve good profits.
In July, the United Nations Food and Agriculture Organisation(FAO)'s rice price index rose to its highest level in nearly 12 years. The movewas due to a spike in prices in key rice exporting countries after Indiaimposed export restrictions.
Recently, the Vietnamese Ministry of Industry and Trade announcedthe list of 210 businesses that are eligible to export rice.
According to the ministry, in the first seven months of thisyear, Vietnam exported 4.83 million tonnes of rice. The country plans to exportabout 2.67 million tonnes in the remaining five months of the year./.
The Ministry of Industry and Trade (MoIT) is building a long-term strategy on rice export and market stabilisation, following bans by several countries, according to Deputy Director of the MoIT's Import-Export Department Tran Quoc Toan.
Greater demand in the international market has resulted in higher rice prices in the domestic market in recent months, according to Minister of Agriculture and Rural Development Le Minh Hoan.
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Price of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne (Photo: nongnghiep.vn) 
