Vietnam's rice export price approaches $1,000 mark

Besides Brunei, rice export prices to some markets also remained high, such as the average rice export price to the US reached 868 USD/ton, the Netherlands reached 857 USD/ton, Ukraine reached 847 USD/ton, Iraq reached 836 USD/ton, Türkiye reached 831 USD/ton...

The high export price of rice has contributed significantly to the export turnover of this commodity.

Illustration photo: Government Newspaper

One of the reasons for the increase in world rice export prices is that India has banned rice exports due to difficulties in rice production this year. Currently, India accounts for 40% of global rice production.

According to the latest report from the Ministry of Industry and Trade, Vietnam exported 650,000 tons of rice worth 416 million USD in June, up 5.7% year-on-year. In the first half of 2024, rice exports reached 4.6 million tons worth 2.9 billion USD, up 10.4% in volume and 32% in value compared to the same period in 2023.

This result is due to the fact that businesses have taken advantage of the increasing demand for rice imports from traditional markets in recent times. In the current conditions and certainly in the future, food security is not only a national issue, but a global one. Therefore, rice exports are forecasted to continue to have many great opportunities to increase turnover.

Also according to the General Department of Customs, as of June 15, Vietnam's total export value reached 172.78 billion USD, an increase of 15.2%, equivalent to an increase of 22.78 billion USD over the same period in 2023.

According to vtcnews.vn

Source: https://baolaocai.vn/gia-gao-viet-nam-xuat-khau-tien-gan-moc-1000-usd-post386435.html