In addition, rice exports to other markets also remarkably increased such as China and Indonesia (2.7-fold increase), Chinese Taipei (up 67.9%) and Ghana (up 39.3%).
Rice exports have rocketed right after the Government allowed resuming rice exports since May 1. In May, the price of Vietnamese rice set a new record with the average price of US$527 per ton, up 5.6% compared to April and up 21.4% against in 2019.
The price of Viet Nam’s exported rice in the first five months rose 13% in comparison with the same period last year, reaching US$485 per ton.
The Ministry of Industry and Trade forecasted that Viet Nam has many opportunities to overcome Thailand in rice exports this year thanks to its competitive prices and sharply increases in export turnover.
By Thuy Dung