Vietnam expects to export 6.5 MMT of rice in 2018

Ministry of Agriculture and Rural Development expects Việt Nam to export 6.5 million tonnes of rice in 2018. To get high export value, high-quality rice will still account for a large proportion of the total export volume, while normal rice makes up less than 20%. The export prices of Vietnamese rice had increased as their quality had improved. The export price of Vietnamese rice rose from US$435 per tonne in 2016 to $450 per tonne in 2017 and $475 per tonne during the January-February period. This was achieved by restructuring efficiently the production of rice to improve its quality and value.