Vietnam's rice export prices reach record high amid pandemic
The export prices of Vietnamese rice have hit a record high over the past nine years amid the on-going Covid-19 pandemic.
On Sunday, the export price of the Vietnamese broken rice reached USD505 per tonne, up USD7 per tonne against the average level in the world market. This was also Vietnam's highest rice export price level since late 2011.
On Sunday, the export price of the Vietnamese broken rice reached USD505 per tonne, up USD7 per tonne against the average level in the world market. This was also Vietnam's highest rice export price level since late 2011.
The export prices of Vietnamese rice have hit a record high over the past nine years
According to the Ministry of Agriculture and Rural Development, due to Covid-19, many countries in the world have increased their rice reserves, reducing their rice export. Meanwhile, the Philippines have continued boosting rice imports.
So, despite the lower import volume against 2019, Vietnam’s rice export value was higher thanks to the sharp rise in export prices.
Nguyen Trung Kien, vice chairman of the Vietnam Food Association (VFA), the country’s rice export in the first quarter of this year would remain good as many countries such as the Philippines and African markets have continued signing contracts for Vietnamese rice imports.
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