Vietnamese rice price maintains top place among regional exporters

Vietnamese export rice price continues to retain its top spot among regional rice exporters.

In terms of the global market, the Vietnamese export rice price continued to maintain its leading position among rice exporting countries. Accordingly, 5% broken rice surged from between US$12 to US$15 per tonne compared to the beginning of the year to US$415 per tonne, the highest level in more than three months thanks to growing demand and production advantages.

Along with traditional markets such as the Philippines, accounting for the largest proportion, China, Malaysia, the United States, African countries, and the Republic of Korea, the country's rice exports to Europe are expected to increase sharply this year thanks to support from the EU-Vietnam Free Trade Agreement (EVFTA).

The nation therefore aims to boost restructuring for value promotion, sustainable development towards the goal of improving the quality, and the value of Vietnamese rice in the near future.