{"id":12194,"date":"2023-12-17T12:12:23","date_gmt":"2023-12-17T12:12:23","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12194"},"modified":"2023-12-17T12:12:37","modified_gmt":"2023-12-17T12:12:37","slug":"rice-exports-expected-to-hit-5b-this-year","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-exports-expected-to-hit-5b-this-year\/","title":{"rendered":"Rice exports expected to hit $5B this year"},"content":{"rendered":"\n<p>Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year\u2019s revenue is expected to reach $5 billion, authorities said.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"680\" height=\"408\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/a905ef8c9a11485f99b284e3b72cc1-3470-8276-1702784017.jpg\" alt=\"\" class=\"wp-image-12195\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/a905ef8c9a11485f99b284e3b72cc1-3470-8276-1702784017.jpg 680w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/a905ef8c9a11485f99b284e3b72cc1-3470-8276-1702784017-600x360.jpg 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/a905ef8c9a11485f99b284e3b72cc1-3470-8276-1702784017-300x180.jpg 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>A farmer harvests rice in the Central Highlands province of Kon Tum. Photo by VnExpress\/Duc Hoa<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>In 2023, the rice farming area nationwide is 7.1 million ha with productivity estimated at 6.08 tonnes of unmilled rice per ha and total output at 43.1 million tonnes, up about 420,000 tonnes from last year.<br><br>Some 7.75 million tonnes of milled rice was exported during the first 11 months of this year to bring home an estimated $4.41 billion in revenue, respectively rising 16.2% and 36.3% year on year. Export prices averaged $568 per tonne during the period, up 17.3%, according to the Department of Quality, Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).<br><br>The export volume has been kept at around 6 million tonnes and increased over years, with annual value continually topping $3 billion, statistics show.<br><br>At a workshop held in the Mekong Delta province of Hau Giang on Dec. 13, MARD Deputy Minister Tran Thanh Nam said the rice sector plays a crucial role in the agriculture of Vietnam and many other countries in the region and the world.<br><br>Domestic and international rice markets will remain vibrant in the time ahead due to big import demand from China, Indonesia, the Philippines, the Middle East, and Africa, he forecast.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year\u2019s revenue is expected to reach $5 billion, authorities said. A farmer harvests rice in the Central Highlands province of Kon Tum. Photo by VnExpress\/Duc Hoa In 2023, the rice farming area nationwide is 7.1 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[223,218,160,159],"class_list":["post-12194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-veitnam-rice","tag-rice-farming","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rice exports expected to hit $5B this year - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rice exports expected to hit $5B this year - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year\u2019s revenue is expected to reach $5 billion, authorities said. A farmer harvests rice in the Central Highlands province of Kon Tum. 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