In the first four months of 2024, Vietnam earned US$2.08 billion from shipping 3.23 million tons of rice abroad, up 36.5% in value and 11.7% in volume from the same period last year, according to the Ministry of Agriculture and Rural Development.

The surge in value was attributed to a 22.2% rise in exported rice price to $644 per tonne since the beginning of this year.

Reports at a recent conference on rice exports in the Mekong Delta City of Can Tho show that due to El Nino and climate change impact, the global rice output in the 2023-2024 crop is forecast to drop to nearly 518 million tons, while the consumption demand is 525 million tons, which means that the world will face a shortage of about 7 million tons of the grain this year.

The total volume of rice for export in the Mekong Delta, the country's biggest production hub of the grain, in 2024 is estimated to reach about 7.6 million tons.

Rice exports rise 42%

Vietnam exported 2.1 million tons of rice in the first three months, worth $1.4 billion in total, up 42% year-on-year in value.

Vietnam wins bid to export 300,000 tons of rice to Indonesia

Seven Vietnamese firms have won a bid to export 300,000 tons of rice to Indonesia, or more than half the volume that country’s plans to import in January.

Public-private partnership highlighted in high-quality rice production project

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Gasoline price hits 10-week high

Gasoline prices rose to the highest since Nov. 13 while diesel price reached a nine-week high.

Rice exports soar to record 8.3 million tonnes

Vietnam’s rice production in 2023 stood at 43.5 million tonnes, an increase of 1.9%, adequately meeting domestic consumption, processing, animal feed production, and exports, which set a record of nearly 8.3 million tonnes.

Source: VnExpress