Rice exports to pick up by end of year

The total volume of rice exports at the end of this year is expected to reach nearly 6 million tonnes, according to the Vietnam Food Association (Vietfood).

So far this year, rice enterprises have exported 4.9 million tonnes and the global demand for rice always rises at the end of this year, therefore Vietnam’s rice exports should increase in the near future.

Although the world’s price of rice tends to fall, Vietfood still keeps its rice exports at a stable level to ensure a profit for both farmers and businesses.

Enterprises are exporting 5 percent broken rice at US$400 per tonne and 25 percent broken rice for US$350 per tonne. Those floor prices follow the Government’s guidelines on guaranteeing prices for farmers at VND3,800 per kilogram.

The price of rice in the Mekong Delta is now fluctuating between VND4,100-4,200 per kilogram.

VOV

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