April 28, 2024 | 14:08 GMT +7
Hotline: 0913.378.918
April 28, 2024 | 14:08 GMT +7
Hotline: 0913.378.918
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 ...
Translated by Meagan Phan
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