Rice exports to follow strong upward trend
VOV.VN - Vietnam’s rice exports are likely to continue their vigorous growth in the late months of the year as the demand from China, the Republic of Korea (RoK), the Philippines and African countries is increasing.
It’s noteworthy that a new governmental decree on rice exports which will come into effect as from October 1, 2018 will facilitate rice exporters, especially small and medium sized enterprises, to boost exports of organic and other high quality rice to big markets with strong demand such as China, the EU, Africa, Iraq, Cuba and the UAE.
According to the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development, the country exported around 441,000 tons of rice valued at US$209 million in August, bringing the total rice exports in the first eight months of this year to about 4.4 million tons worth US$2.2 billion, up 6.8% in volume and 22.1% in value against the same period last year.