The Hanoitimes - Asia is still the major rice importer of Vietnam, accounting for 69.86 percent of the country’s total export volume, according to the Vietnam Food Association (VFA).
The Hanoitimes - Asia is still the major rice importer of Vietnam , accounting for 69.86 percent of the country’s total export volume, according to the Vietnam Food Association (VFA).
The African market ranked second with 26.42 percent, followed by America , Australia and the Middle East , which accounted for less than 1 percent of the total rice export volume.
The VFA said Vietnam exported only 347,916 tonnes of rice worth more than US$165 million in February, making the total export volume for the first two months of this year 627,182 tonnes, earning about US$319 million.
The Ministry of Agriculture and Rural Development predicts that the output of the spring-winter crop is estimated at nearly 10.35 million tonnes of rice. However, many farmers in the region are worried about the price of rice falling by VND400-500 per kilo compared to the previous month. Currently, the price of 5 percent broken rice ranges from VND8,200-8,300 per kilo, 15 percent rice VND7,750-7,850 per kilo and 25 percent at VND7,350-7,450 per kilo.
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