Vietnam’s rice export price highest in the world
(VOVWORLD) - Since the middle of last month, Vietnam's rice export prices have steadily increased and surpassed Thailand taking the global lead, the Vietnam Food Association said.
A rice warehouse in Vietnam (Photo: thanhnien.vn)
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Over the past 30 years, this is the first time Vietnam’s rice export price is the same as Thailand’s, even outpacing 20 USD a ton compared to Thailand’s 5% broken rice.
Vietnamese rice is being bought at higher prices by importers thanks to the rice’s improved quality and the Vietnam- EU Free Trade Agreement (EVFTA).
The Ministry of Agriculture and Rural Development reports that Vietnam has exported nearly 3.9 million tons of rice, earning 1.9 billion USD since the beginning of the year. Export volume fell 1.4% but increased by around 11% in value over the same period last year.