Rice exports expected to hit 5 billion USD this year
Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD, authorities said.
About 7.1 million ha of rice was cultivated this year with productivity estimated at 6.08 tonnes of unmilled rice per ha. (Photo: VNA)
Hanoi (VNA) – Rice export volume and value during the first 11 monthssurpassed the figures of the entire 2022, and this year’s revenue is expectedto reach 5 billion USD, authorities said.
In 2023, the rice farming area nationwide is 7.1million ha with productivity estimated at 6.08 tonnes of unmilled rice per haand total output at 43.1 million tonnes, up about 420,000 tonnes from lastyear.
Some 7.75 million tonnes of milled rice wasexported during the first 11 months of this year to bring home an estimated 4.41billion USD in revenue, respectively rising 16.2% and 36.3% year on year. Exportprices averaged 568 USD per tonne during the period, up 17.3%, according to theDepartment of Quality, Processing and Market Development under the Ministry ofAgriculture and Rural Development (MARD).
The export volume has been kept at around 6million tonnes and increased over years, with annual value continually topping3 billion USD, statistics show.
At a workshop held in the Mekong Deltaprovince of Hau Giang on December 13, MARD Deputy Minister Tran Thanh Nam saidthe rice sector plays a crucial role in the agriculture of Vietnam and manyother countries in the region and the world.
Domestic and international rice markets willremain vibrant in the time ahead due to big import demand from China,Indonesia, the Philippines, the Middle East, and Africa, he forecast.
However, Nam noted, the growth in exportvolume will affect the stockpile in exporting countries while higher exportprices will also lead to an increase in unmilled rice prices, which in turnwill partly impact domestic prices of milled grains./.
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About 7.1 million ha of rice was cultivated this year with productivity estimated at 6.08 tonnes of unmilled rice per ha. (Photo: VNA) 
