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Vietnam earns $3B from rice exports in H1
Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning almost $3 billion, according to the Ministry of Agriculture and Rural Development.
The figures represent an increase of 10.4% in volume and 32% in value over the same period last year.
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Farmers harvest rice in Hanoi. |
The country harvested 3.48 million ha of rice in the first half of 2024, up 0.5% year-on-year. The average yield reached 6.7 tonnes per ha, an increase of 0.7 tonnes per ha, bringing the total output to 23.3 million tonnes, up 1.6% year-on-year.
Meanwhile, Vietnam spent about $670 million on importing rice from other countries, primary from Cambodia and India.
Although being the world’s second largest rice exporter, the country still imports certain types of rice for the production of animal feed.
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
BAC GIANG - At this time, the pineapple growers in Huong Son commune, Lang Giang district of Bac Giang province are harvesting the fruits. This year, the pineapple consumption is quite smooth and the selling price is higher than the previous season.
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.
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Source: VnExpress
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