Vietnam boosts export of high-quality rice

Vietnam is expanding the export of its high-quality rice with the aim to increase the export value and improve farmers’ income.

Illustrative image (Photo: VNA)

Hanoi (VNA) – Vietnam is expanding the export of its high-quality ricewith the aim to increase the export value and improve farmers’ income.

According to the Vietnam Food Association (VFA), the export priceof Vietnam’s 5% broken rice is higher than that of Thailand, India andPakistan.

Specifically, each tonne of this kind of rice is sold for 418 USD,8 USD higher than that of Thailand, and 30 USD and 75 USD higher than those ofPakistan and India, respectively.

Meanwhile, the export price of Vietnam’s 25% broken rice iscurrently 403 USD per tonne, equal to that of Thailand, but 35 USD and 75 USDhigher than those of Pakistan and India, respectively.

In addition, the country’s high-quality rice is beingshipped to Japan and Europe. Recently, Tan Long Group JSC, in collaborationwith Japan’s Kiraboshi Bank, held a ceremony in Tokyo to introduce ST25 rice,which was named the world’s best rice in 2019, to the Japanese market.Meanwhile, Loc Troi Group JSC exported nearly 500 tonnes of high-quality ricelabelled with its own brand name “Com Vietnam Rice” to the EU markets inJune./.
VNA

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