The export prices of Vietnamese rice in the first two months of 2023 rose by 9.8% year-on-year to 528.5 USD/tonne, according to the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) - Theexport prices of Vietnamese rice in the first two months of 2023 rose by 9.8%year-on-year to 528.5 USD/tonne, according to the Ministry of Agriculture and RuralDevelopment (MARD).
Vietnam exported 789,000 tonnes of the grain in the reviewed period, earning 417 millionUSD, down 18.8% in volume and 10.8% in value compared to the same period last year.
The Philippines is the largest importer of the food from Vietnam in January withover 129,0⭕00 tonnes worth 64.55🐽 million USD, accounting for 34.6% of Vietnam’s totalexport.
Vietnam recorded the highest increase pricefor rice exported to Taiwan (China) in January, with a surgeof 54.6% year-on-year.
It is forecast to have favourable conditions for rice exports in 2023 as many countries ⛦such as the US and China, and those in Europe, are being affectedby climate change and drought, which cause a shortage of rice supply.
Moreover, India - one of the largest rice exportersin the world, imposes a ban on broken rice exports and a 20-percent tax rate onwhite rice varieties.
Vietnam aims to export between 6.5 – 7 million tonnes of rice in 2023.
Its export is predicted to increase again as the demand in traditionalmarkets such as Indonesia and Bangladesh has risen, and China – one ofthe largest importers of Vietnameꦇse farm produce, has opened the market afterthe COVID-19 pandemic./.
Vietnam exported 3.9 million tonnes of rice, earning 1.9 billion USD, in the first seven months of this year, according to the Department of Agro Processing and Market Development under the Ministry of Agriculture and Rural Development.
Vietnam exported 638,000 tonnes of rice worth 352 million USD in the first two months of 2021, down 31.4 percent in volume and 18.3 percent in value year-on-year.
Vietnam raked in 22.83 billion USD from exporting agro-forestry-aquatic products in the first five months of 2021, representing a year-on-year increase of 30.3 percent, reported the Ministry of Agriculture and Rural Development.
Vietnam is expected to achieve its export target of 6.3 million tonnes of rice worth 3.2 billion USD this year due to high global demand and an increase in export prices.
Vietnam’s rice output topped 43.86 million tonnes in 2021, up 1.1 million tonnes year-on-year, according to the Ministry of Agriculture and Rural Development.
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Illustrative image (Photo: VNA) 
