Improved rice quality helps export prices rise

The price of Vietnam’s export rice has been increasing since mid-July, surpassing the prices of other rice exporters thanks to improved quality.

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496

According to a representative of the Import and Export Department from the Ministry of Industry and Trade, Vietnamese export rice currently sells for about 495 USD per tonne.

In the first 10 months of 2020, Vietnamese rice prices for export averaged 493 USD per tonne, up 12.7 percent over the same time last year.

To improve the quality of rice, many firms have built and developed raw material areas and applied food safety and quality management models in their production.

According to the Ministry’s strategy, from 2021 to 2030, the annual export volume of Vietnamese rice is hoped to be about 4 million tonnes and worth between 2.3 billion USD and 2.5 billion USD.

The strategy aims to increase exports of rice directly to markets and directly to the rice distribution systems of other countries./.

VNA