Commenting on this year's global rice value chain, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that rice has never been higher, and Vietnamese rice products are the most expensive in the world.
Vietnam's rice production has reached 41.17 million tonnes, making the plan to export 43 million tonnes of rice this year highly feasible. Production is sufficient to meet the needs of the population, storage, livestock and breeding.
Rice exports in 2023 are expected to be the highest in years. By the end of November, Vietnam had exported 7.75 million tons of rice, earning 44100 million US dollars, the export volume increased by 36 over the same period last year3%。
The Vietnam Food Association (VFA) reported that 5% of broken rice** in Vietnam jumped to $663 per tonne on Nov. 21 and continued to remain high in the following days, at $78 per tonne higher than Thailand and $85 per tonne higher than Pakistan.
However, on December 7, Vietnamese rice *** $5 tonnes, to $658 tonnes. Meanwhile, comparable rice** in Thailand slashed from US$585 per tonne on 21 November to US$623 per tonne on the same day.
Currently, Thailand's rice** is only $35 per tonne lower than Vietnam's.
According to estimates, Vietnam's rice exports could reach 8 million tons this year, with an export value of US$4.6 billion, the highest level in the history of Vietnam's rice production.
Vietnam's rice exports** will remain high in 2023 and next year due to the shortage and high demand in the world market, exporters said.
Indonesia's National Logistics Agency has invited bids, **543,000 tons of rice. The country imports five percent of the white long-grain broken rice;Expected to be Thailand, Vietnam, Myanmar, Pakistan and Cambodia.