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Rice exports to reach 7 mln tons this year
Vietnam will export 7 million tons of rice this year, up 200,000 tons compared to 2010 amid the current unstable political situation in the world market, said the Vietnam Food Association (VFA).
In particular, the higher price imposed by Thailand’s new government at US$490 to US$650 will benefit Vietnamese exporters who offer a lower rate and have a more stable supply source.
So far, rice exporters have received orders of a total 5.3 million tons mainly from the Philippines, China, Bangladesh and other African countries.
In the first two quarters, firms have shipped abroad around 3.9 million tons worth US$1.847 billion, up 18 percent and 25 percent in volume and value compared to the same period last year.
VFA has raised the export goal for the whole year from 6.5 million tons to 7 million tons.
In 2010, Vietnam exported 6.8 million tons of rice, raking in a revenue of US$3.2 billion, up 20.6 percent compared to the previous year.
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