HÀ NỘI — Việt Nam's rice exports are expected to reach a record turnover of about US$5 billion this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.Việt Nam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9 per cent over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.Revenue from rice exports reached nearly $3.85 billion, a year-on-year growth of 21.7 per cent.According to the MARD, along with the increase in export volume, the average rice export price in the period also rose about 14.8 per cent, reaching $625 per tonne.Therefore, the total rice export in 2024 is forecasted to reach about eight million tonnes.MARD Deputy Minister Phùng Đức Tiến said Việt Nam's rice growing area has decreased to 7.12 million hectares, but the export output continues to grow thanks to new rice varieties with higher yield and quality.With the increasing demand, Việt Nam is expected to earn more than $5 billion this year from rice, a new record.— VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News