Upturn in Rice Exports Early This Year
Rice exports made a breakthrough in February with an estimated volume of 495,000 tons worth US$218 million, up 56.7% in volume and 46% in value against last year’s same period.
The Vietnam Food Association (VFA) attributed the strong growth to high demands from the Philippines and Indonesia- the major outlets of rice for reserves due to serious impacts of drought caused by El Nino.
Some rice exporters said an increase of 40% in selling price facilitated rice exports as a result of remarkably reduced volumes in stock and greater purchasing power after the winter-spring crops.
VOV
Vietnamese
