Vietnam's rice exports set new record

Statistics from the Ministry of Agriculture and Rural Development show that in the past 11 months, the rice industry has achieved impressive results with export turnover reaching 5.3 billion USD, up 22.4% over the same period last year. This figure not only far exceeded the achievement of the whole year of 2023 but also set a new record with growth of 10.8%. According to businesses, this result reflects a change in production structure. Farmers are increasingly focusing on high-quality fragrant rice varieties for export. Thanks to its superior quality, rice is favored by the international market and reaches a price higher than many countries, even at times topping the world. The Ministry of Agriculture and Rural Development said that 95% of rice varieties grown in Vietnam are high-quality varieties, 89% of rice output is also in this segment. The average export price remains at 627 USD per ton, despite competition when India returns to the market. In terms of export markets, ...