VN ships nearly 4.9 million tons of rice

VGP – Viet Nam exported over 139 tons of rice, in the first two weeks of October, bringing the total rice export volume so far this year to 4.9 million tons valued at over $2.1 billion, according to the Vietnam Food Association (VFA).

October 21, 2014 8:03 PM GMT+7

In October, the price for rice is $458.35 per tonne, a slight increase from $439.11 per tonne in September.

Viet Nam expects to produce 25.48 million tonnes of paddy for all of 2014, of which over 17 million tonnes of paddy, equivalent to 8.5 tonnes of rice, will be shipped abroad.

Without Government interventions to increase temporary rice stocks, the price remained high due to the large volume of rice exported to China via border gates./. - VOV