Vietnam exported 600,000 tonnes of rice in November, bringing the total for the first 11 months of this year to almost 6.7 million tonnes. Vietnam's rice export prices remained high in November, while shipments to European countries, China and the Philippines surged, meaning Vietnam's rice exports this year are expected to rise to a record high of more than 7 million tons.
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Statistics from Vietnam’s Ministry of Agriculture and Rural Development show that Vietnam exported about 600,000 tons of rice in November, worth US$296 million, bringing the total rice exports in the first 11 months of this year to nearly 6.7 million tons, with an output value of US$3.24 billion. In the first 11 months of this year, Vietnam exported 3.4 million tons of rice to the Philippines, an increase of about 17% year-on-year.
Analysts said Vietnam's rice exports to European countries rose as the military conflict between Russia and Ukraine affected wheat supplies and forced them to substitute rice. At the same time, the price of Vietnamese rice with a broken rate of 5% remains at a high level, reaching US$438 per ton, which is US$13-28 higher than that of Thai rice and US$60-65 higher than that of Indian rice.
Source: AgroPages
