Vietnam’s rice exports over the past nine months have increased by 12.3 percent to almost 5.4 million tonnes, earning an estimated US$2.2 billion or 15.2 percent more than the same period last year.
The price of rice exports in the reviewed period stands at US$462 per tonne on average, a 2.6 percent rise from 2009.
The price of Vietnamese rice is now approximately the same as that of Thailand, the world’s largest exporter of rice.
The increase in the price of Vietnamese rice is mainly due to natural disasters in major importing countries and manufacturers such as China, Thailand and Pakistan.
The Philippines continues to be the foremost import market for Vietnamese rice, as it has imported nearly 1.5 million tonnes of rice from Vietnam in the last eight months.
There is also an increase in Vietnam’s rice exports to new markets such as Angola and Ghana.