Vietnam produces record rice output

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VOV News English - 74 month(s) ago 16 readings

Vietnam produces record rice output

Vietnam harvested a record rice output of 41.8 million tonnes this year, 1.8 million tonnes higher than last year, according to Ministry of Agriculture and Rural Development (MARD).

The country has shipped abroad 6.8 million tonnes so far this year, earning US$3.5 billion, a year-on-year rise of 7 percent in volume and 16.7 percent in value, says the MARD.

The MARD says that higher prices and the decline in supply in the world market have created favourable conditions for Vietnam to boost rice export.

Indonesia is Vietnam’s largest rice importer, followed by the Philippines. The two markets consumed nearly 40 percent of the country’s total export volume.

Vietnam is expected to sell more than 7 million tonnes of rice this year.

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