Vietnam Exports 2.415M Tons of Rice by mid-May
Vietnamese enterprises have already exported over 2.415 million of tons of rice since early year, fulfilling 50 per cent of this year’s target, the Government Office and the Vietnam Food Association (VFA) said.
More than 119,375 tons of rice valued at US$50.4 million were shipped abroad in the first eight days of May.
Since the beginning of the year, Vietnam has signed contracts to export nearly 4 million tons of rice, fulfilling 88 per cent of its yearly target. It prompted the VFA to consider proposing the government to increase this year’s rice export quota to 5.2 million tons.
The association also expects around 2 million tons of rice to be harvested in the summer-fall and fall-winter crops, after the recent abundant winter-spring crop.
Vietnam, the world’s second-largest rice exporter, earned about US$3 billion from exporting 4.7 million tons of rice last year. (Vietnam Economic Times)
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