Vietnam’s rice exports increase 27 percent in first two months of 2020
Vietnam exported 890,000 tonnes of rice worth 420 million USD in the first two months of 2020, a year-on-year increase of 27 percent and 32.6 percent and in terms of volume and value, respectively, according to the Ministry of Agriculture and Rural Development.
Rice is harvested in Tan An commune of Tan Hiep district, the Mekong Delta province of Kien Giang (Photo: VNA)
Hanoi (VNA) - Vietnam exported 890,000 tonnes of rice worth 420million USD in the first two months of 2020, a year-on-year increase of 27 percentand 32.6 percent and in terms of volume and value, respectively, according tothe Ministry of Agriculture and Rural Development.
Increasing rice demand in many markets has increased Vietnamese rice exportsfrom early this year, leading to a surge of rice prices in the domestic market,said Deputy Director of the MARD’s Department of Plant Cultivation Le ThanhTung.
During the first two months, the price of rice purchased at enterprises’warehouses was 5,400-6,400 VND per kilo, 1,000 VND more than rice purchased atfields.
In the first two months this year, the price of 5 percent broken rice forexport on the domestic market increased to 380 USD per tonne, a high sinceDecember 2018.
Vietnam is expected to export 6.7 million tonnes of rice in 2020./.
Vietnam exported 560,000 tonnes of rice in January 2020, earning 270.3 million USD, an increase of 12 percent in volume and 39 percent in value month-on-month, according to the General Department of Customs.
Since the novel coronavirus (COVID-19) epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.
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Rice is harvested in Tan An commune of Tan Hiep district, the Mekong Delta province of Kien Giang (Photo: VNA) 
