Rice exports surge

by VTV429 March 2018 Last updated at 06:00 AM

VTV.vn - Vietnam's rice exports have reached over 1.2 million tonnes, up more than 60% in terms of output and value in the first quarter of 2018 on-year according to the Ministry of Agriculture and Rural Development.

This is the third consecutive year that Vietnam's rice exports have experienced such growth. Favourable markets and improved rice quality are believed to be two key factors. From the end of 2017 until now, Vietnam rice export prices have been still higher than Thailand, Pakistan and India, ranging from 50 to 100 US dollars per tonne.

According to the Vietnam Food Association, there is a huge opportunity to expand the market and increase rice exports, as the recent signing of the Comprehensive and Progressive Agreement for Transpacific Partnership will create favourable conditions for Vietnam to export rice to member countries.

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