(VOVWORLD) - Vietnam’s rice export prices grew 9% year on year to more than 530 USD per tonne in the first quarter of 2023, said the General Department of Vietnam Customs.
 Vietnam exports 1.79 million tonnes of rice worth 952 million USD in Q1 of 2023. (Photo: VNA) |
The price increase was attributed to a surge in the proportion of high-quality rice such as fragrant, glutinous, and specialty rice.
High-quality rice accounts for 50% of the total export volume and sold at up to 1,000 USD per tonne at present.
Experts predicted that favourable conditions will remain for rice export and prices will stay good in the short term as the share of high-quality rice is increasing and global economic and political uncertainties are boosting food stockpiling demand.
Vietnam exported 1.8 million tonnes of rice, earning more than 950 million between January and March.