Rice exports hit US$2 bln

VGP – Viet Nam gained US$265 million from exporting 591,000 tons of rice in August, raising the total rice exports in eight months to 4.54 million tons, worth nearly US$2 billion, up 0.3% in quantity and down 14.9% in value compared the same period last year, according to the Ministry of Agriculture and Rural Development.

September 04, 2019 3:49 PM GMT+7

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Over the recent seven months of 2019, the Philippines took the lead in importing Viet Nam’s rice with US4589.4 million, accounting for 34.5%.

Such markets witnessed high growths such as the Ivory Coast up 64.5%, Australia up 63.9%, Hong Kong (China) up 43.5%, Saudi Arabia up 31.3% and Iraq up 24.8%.

Rice exports to the EU are expected to rise thanks to effects of the EU-Viet Nam Free Trade Agreement which will take effect in a near future.

By Thuy Dung