Rice exports triple in price

In the first eight months of this year, Vietnam’s rice exports rose to 4.773.342 tonnes, worth US$2.037 billion, and the purchasing power in August reached three times the ceiling price, the Vietnam Food Association (VFA) has reported.

In August, Vietnam exported 813.109 tonnes of rice, worth US$302.215 million, and in September it is expected to be 700.000-800.000 tonnes, said the VFA.

Rice exporters will not be short their products as the nation’s rice reserves by the end of the year will reach 1.5 million tonnes, said Nguyen Thanh Bien, Deputy Minister of Industry and Trade at a meeting with the VFA on August 31.

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