Rice exports to set record turnover of 5 billion USD in 2024

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter. There is ample room for Vietnamese rice exports as demand in major rice importers such as the Philippines, Indonesia, China and Africa is huge. Data of the Vietnam Customs showed that since the beginning of the year to mid-July, Vietnam shipped more than 4.8 million tonnes of rice, bringing home nearly 3.1 billion USD. The average rice export price increased 12% compared to the same period last year, reaching 612.3 USD per tonnes.

Source: Vietnam News Agency

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