Asia rice: rates higher in top hubs - Markets - Business Recorder
MUMBAI/HANOI/ BANGKOK/DHAKA: Top rice exporters saw rates for the staple grain advance this week on increased ...
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MUMBAI/HANOI/ BANGKOK/DHAKA: Top rice exporters saw rates for the staple grain advance this week on increased ...
Anticipating that rice yield and output are nearly hitting the ceiling, Vietnam is preparing for a revolution in rice farming, striving for 1 million hectares of high-quality rice.
Vietnam’s rice exports set a 10-year record in 2022, hitting 7.1 million tonnes, yet more needs to be done to ensure optimal performance, according to the Ministry of Industry and Trade.
The average export price of Vietnamese rice rose to US$473 per tonne this year, the highest compared to those of other major rice exporting countries in Asia, according to the General Statistics Office (GSO).
Ietnam exported 1.7 million tonnes of rice in the first quarter of 2023 worth over 900 million USD, a 19% increase in quantity and 30% rise in value compared to the same period in 2022.