March 29, 2024 | 06:00 GMT +7

  • Click to copy
Saturday- 20:27, 09/01/2021

Rice export returns to US$3 billion after just one year

Rice export in 2020 was estimated to reach US$3.07 billion, returning to the record of US$3 billion after just one year.
Rice export reached more than 3 billion USD in 2020. Photo: Vinafood 2.

Rice export reached more than 3 billion USD in 2020. Photo: Vinafood 2.

According to the Ministry of Industry and Trade, rice export in 2020 reached 6.15 million tons, worth about US$3.07 billion. Although the amount of rice exported decreased by about 3.5% compared to 2019, mainly for the purpose of ensuring national food security, the export value increased by 9.3%, returning to the highest recognized value of US$3 billion after just one year.

The average export price of 2020 was estimated at US$499/ton, an increase of 13.3% compared to 2019. This is the highest annual average price in recent years, bringing great benefits to rice growers.

Vietnam's rice export structure continues to shift to fragrant rice, high quality rice with higher selling prices and added value. At the same time, farmers and traders are also more and more interested in improving quality and traceability in order to satisfy the strict standards of demanding markets like the EU, Korea, United States ...

Author: Son Trang

Translated by Meagan Phan

Vietnam's wood takes full advantage of the potential market in Canada

Vietnam's wood takes full advantage of the potential market in Canada

(VAN) Canada's demand for imported wooden furniture increased by an average of 3.1% in the 2019 - 2023 period and currently ranks 4th in the world, after the EU, the United States, and the UK.

Cashews target the healthy food market

Cashews target the healthy food market

(VAN) Demand for healthy food is increasing in many markets. This is an opportunity for Vietnamese cashews because cashews are a healthy food.

Tuna strives to return to the billion-dollar item

Tuna strives to return to the billion-dollar item

(VAN) After decreasing in 2023, tuna exports are growing strongly again in the first months of this year and have a chance to become a billion-dollar item again.

Pepper prices are difficult to increase continuously in the long term

Pepper prices are difficult to increase continuously in the long term

(VAN) In addition to people switching crops and challenges related to EUDR and emission reduction, the pepper industry faces competition from Brazil and Indonesia.

Indonesia furniture makers turn to new markets in face of EU deforestation rule

Indonesia furniture makers turn to new markets in face of EU deforestation rule

(VAN) EUDR requires importers of commodities such as palm oil, coffee and cocoa to generate a due diligence statement proving their products do not come from deforested land or have not led to forest degradation.

World Bank has issues a call option notice to buy an additional 1 million carbon credits

World Bank has issues a call option notice to buy an additional 1 million carbon credits

(VAN) The additional carbon credits purchased are part of the outstanding 5.9 million credits that Vietnam has implemented in the North Central region from 2018 to 2019.

2 markets of Vietnamese chilli increased inspection

2 markets of Vietnamese chilli increased inspection

(VAN) Korea and Taiwan are two of the import markets for Vietnamese chilli. These two markets have both increased inspection of imported chilli for food safety.

Read more