Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10% and 23% year-on-year, respectively.
The average export price of the product between January and October was estimated at 626.2 USD per tonne, an annual increase of 12%. The market is awaiting a decision from Indonesia's national logistics agency Bulog, which is expected to be announced in early November.
Bulog aims to purchase approximately 500,000 tonnes of rice from Thailand, Vietnam, Cambodia, Myanmar, Pakistan, and India.
Last year, the country shipped 8.1 million tonnes of rice abroad./.
