Vietnam earns 2.98 billion USD from rice exports in H1
Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD, according to the Ministry of Agriculture and Rural Development.
Vietnam exports 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD (Photo: sggp.org.vn)
Hanoi (VNA) 🍃– Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD, according to the Ministry of Agriculture and Rural Development.
The figures represent an increase of 10.4% in volume and 32% in value over the same period last year.
The country harvested 3.48 million ha of rice in the first half of 2024, up 0.5% year-on-year. The average yield reached 6.7 tonnes per ha, an increase of 0.7 tonnes per ha, bringing the total output to 23.3 million tonnes, up 1.6% year-on-year.
Meanwhile, Vietnam spent about 670 million USD on importing rice from other countries, primary from Cambodia and India.
Although being the world’s second largest rice exporter, the country still imports certain types of rice for the production of animal feed./.
The rice trade between Vietnam and the Philippines is forecast to remain steady in the near future, according to the Vietnam Trade Office in the Philippines.
The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
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