(VOVWORLD) - The prices of Vietnam’s exported rice are now the highest in the world.
 Illustrative image (Photo: nongnghiep.vn) |
5% broken rice costs 638 USD per tonne, and 25% broken rice 623 USD per tonne, according to the Vietnam Food Association. Meanwhile, Thailand’s 5% broken rice is sold at 10 USD less.
In the Mekong Delta – the largest rice granary of Vietnam, the price of paddy rice is unprecedentedly high in many localities, bringing good profits to farmers.
In July, the United Nations Food and Agriculture Organisation (FAO)'s rice price index rose to its highest level in nearly 12 years. The move was due to a spike in prices in key rice exporting countries after India imposed export restrictions.
The Vietnamese Ministry of Industry and Trade reported that in the first seven months of this year, Vietnam exported more than 4.8 million tonnes of rice.