Vietnam has exported more than 5.1 million tonnes of rice since the beginning of this year, earning over US$2.26 billion, according to the Vietnam Food Association (VFA).
In August alone, the country exported 928,175 tonnes, valued at US$398.56 million.
Rice prices are rising on the domestic market, hovering around VND5,800-6,200 per kilogram in the Mekong Delta, Vietnam’s largest rice basket.
Unhusked five-percent broken rice is being sold at VND8,900-9,000/kg, while unhusked 15-percent and 25-percent broken rice are trading at VND8,500-8,700/kg and VND8,200-8,300/kg, respectively.
The Asian Development Bank (ADB) recently announced that Vietnam and Thailand are the two major suppliers of rice to Africa.
The bank predicted that Vietnam will become the world’s third largest rice exporter within the next decade, after Thailand and India.
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