The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
Harvesting rice in Chau Thanh district, Tra Vinh province. (Photo: VNA)
Hanoi (VNA) ൩– The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
According to the association, the prices of 5% broken rice of Vietnam, at 585 USD per tonne, is higher than the same type of Thailand by 3 USD per tonne, and 10 USD per tonne higher than the same product of Pakistan.
For 25% broken rice, Vietnamese product is priced at 555 USD per tonne, 23 USD higher than that of Thailand, and 13 USD higher than that of Pakistan.
Meanwhile, Vietnam’s 100% broken rice price stays stable at 470 USD per tonne, but is also higher than that of Thailand and Pakistan by 21 USD and 25 USD per tonne, respectively./.
Vietnam’s rice output is expected to reach 43 million tons in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tons, according to the Ministry of Agriculture and Rural Development.
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.07 million tonnes of rice in the first quarter of 2024, earning 1.37 billion USD in revenue. This represents a 12% increase in volume and 40% in value compared to the same period of 2022.
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