Vietnam likely to export 6.3 MMT rice in 2018

Vietnam is likely to export 6.3 mln tn of rice in 2018 due to high demand from other Southeast Asian countries, especially the Philippines. Vietnam exported around 5.9 mln tn of rice in 2017, up 20.5% on year. Of the total exports, nearly 40% went to China and 9.3% to the Philippines. In value terms, the country’s exports in 2017 were estimated at $2.7 bln, up 20.8% on year