Rice export prices surge in H1
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According to data from the General Department of Customs, the average rice export price increased by over 18% over the same period last year.
The grain was sold at US$959 per ton in Brunei, $868 in the US, $857 in the Netherlands, $847 in Ukraine, $836 in Iraq, and $831 in Turkey.
The Vietnam Trade Office in the EU said Vietnam’s specialty fragrant rice varieties such as ST25, ST24, Nang Hoa, and OM are favored in the market thanks to their standout quality, leading to their high prices there.
In the first half, Vietnam’s rice exports reached 4.7 million tons, a rise of 10.4% year-over-year, and its export turnover reached nearly $3 billion, up 32%.
Questions & Answers
Q.Which specific rice varieties are performing well in the EU market?
Which specific rice varieties are performing well in the EU market?
Vietnam's specialty fragrant rice varieties, including ST25, ST24, Nang Hoa, and OM, are favoured in the EU. Their standout quality has contributed to their high prices and popularity in that market.
Q.What was the total value of Vietnam's rice exports during the first half of the year?
What was the total value of Vietnam's rice exports during the first half of the year?
In the first half of the year, Vietnam's total export turnover for rice reached nearly $3 billion. This figure represents a significant increase of 32% compared to the same period last year.
Q.How much rice did Vietnam export by volume in the first half of the year?
How much rice did Vietnam export by volume in the first half of the year?
Vietnam exported 4.7 million tons of rice in the first half of the year. This volume marks a rise of 10.4% when compared to the amount exported during the corresponding period of the previous year.
Q.Which country paid the highest price per ton for Vietnamese rice among those listed?
Which country paid the highest price per ton for Vietnamese rice among those listed?
Brunei paid the highest price per ton for Vietnamese rice among the listed countries, at US$959. The United States was next at $868, followed by the Netherlands at $857.
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