Business

Rice export prices on the rise

Vietnam’s rice export prices grew 9.2% year on year to 532 USD per tonne in the first quarter of 2023, raising the export value of 1.79 million tonnes during the period by 30.2% to 952 million USD, said the General Department of Vietnam Customs.
Rice export prices on the rise ảnh 1Vietnam exported 1.79 million tonnes of rice worth 952 million USD in Q1. (Photo: VNA)
Hanoi (VNA) – Vietnam’s rice export prices grew 9.2% year on year to 532 USDper tonne in the first quarter of 2023, raising the export value of 1.79million tonnes during the period by 30.2% to 952 million USD, said the GeneralDepartment of Vietnam Customs.

Theprice increase was attributed to a surge in the proportion of high-quality ricesuch as fragrant, glutinous, and specialty rice.

High-qualityrice is accounting for 50% of the total export volume and sold at 600 - 1,000USD per tonne at present.

Expertspredicted that favourable conditions will remain for rice export and prices willstay good in the short term as the share of high-quality rice is increasing andglobal economic and political uncertainties are boosting food stockpilingdemand./.
VNA
#rice export #export prices #high-quality rice #General Department of Vietnam Customs #food stockpiling #updated Vietnam news #Vietnamplus #Vietnam News Agency
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