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    Home > Food News > Food Articles > Vietnam's rice exports ushered in new opportunities for growth

    Vietnam's rice exports ushered in new opportunities for growth

    • Last Update: 2022-09-30
    • Source: Internet
    • Author: User
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    After India tightened rice exports, Vietnamese rice export prices increased
    .
    In the current situation, many companies believe that rice export prices can reach the peak level in 2021
    .
    At the same time, rice exports this year can reach or exceed the set target of 6.
    3-6.
    5 million tons
    .
    Export price of rice
     
    Nguyen Yun Nam, president of the Vietnam Food Association, commented that India's move to ban the export of broken rice and impose an export tax on white rice has affected the rice supply chain
    .
    He believes that in the winter and spring of 2022-2023, Vietnam's rice exports will be victorious, so it is necessary to continue to pay close attention to changes in domestic and foreign markets
    .
     
    In the first eight months of this year, Vietnam's rice exports reached 4.
    79 million tons, with exports of nearly US$2.
    4 billion, up 20.
    7% and 9.
    9%
    year-on-year, respectively.
    The average unit price of rice exports was nearly $500 per tonne, an increase of nearly $
    50 year-on-year.
     
    With regard to India's ban on the export of broken rice and the imposition of export taxes on some types of rice, the Prime Minister of the Government has asked the leaders of the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade and the Ministry of Finance to take the initiative to follow the situation in order to take immediate measures to ensure food security, achieve good results in rice export regulation and control, stabilize the rice price market, and safeguard the interests of
    farmers.
     
    According to the Ministry of Agriculture and Rural Development, domestic rice prices rose and fell in August, with general rice prices rising and high-quality rice prices falling
    .
    (End)
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