Vietnam’s rice export prices grew 9.2% year on year to 532 USD per tonne in the first quarter of 2023, raising the export value of 1.79 million tonnes during the period by 30.2% to 952 million USD, said the General Department of Vietnam Customs.
Vietnam exported 1.79 million tonnes of rice worth 952 million USD in Q1. (Photo: VNA)
Hanoi (VNA) – Vietnam’s rice export prices grew 9.2% year on year to 532 USDper tonne in the first quarter of 2023, raising the export value of 1.79million tonnes during the period by 30.2% to 952 million USD, said the GeneralDepartment of Vietnam Customs.
Theprice increase was attributed to a surge in the proportion of high-quality ricesuch as fragrant, glutinous, and specialty rice.
High-qualityrice is accounting for 50% of the total export volume and sold at 600 - 1,000USD per tonne at present.
Expertspredicted that favourable conditions will remain for rice export and prices willstay good in the short term as the share of high-quality rice is increasing andglobal economic and political uncertainties are boosting food stockpilingdemand./.
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Vietnam exported 1.79 million tonnes of rice worth 952 million USD in Q1. (Photo: VNA) 
