Rice quality key to exports Workers at Hau River Food Company in the southern province of Can Tho load rice for export. The total rice export volume and value in the first ten months of this year reached 5.56 million tonnes and US$2.43 billion. Vietnamese rice producers and exporters needed to focus on quality and supplying products that were in demand, rather than simply looking at quantity, according to the Agricultural Products Processing and Development Department under the Ministry of Agriculture and Development (MARD). The total rice export volume and value in the first ten months of this year reached 5.56 million tonnes and US$2.43 billion, respectively. The figures represented a rise of 6.1 per cent in volume and a drop of 9.1 per cent in value compared to the same period in 2018. Viet Nam’s five per cent broken rice is now fetching $350 per tonne, the highest level in the past two months, but still lower than that of India ($365-370 per tonne) and Thailand ($395-400 per tonne). In the first seven months of this year, Vietnamese rice exports to China decreased by 67 per cent to 400,000 tonnes, whereas in the past China often imported up to… Read full this story
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