HANOI, Nov. 2 (Xinhua) — The prices of Vietnamese export rice have soared to a new record, Vietnam News Agency reported Thursday, citing the Vietnam Food Association.

The country’s 5 percent broken rice is traded at 653 U.S. dollars per ton, up 10 dollars per ton, while the 25 percent broken rice is sold at a record high of 638 dollars per ton.

These are the highest prices of Vietnamese export rice in the past 10 years and 15 dollars per ton higher than the previous peak in mid-July.

Boasting high-quality rice which has won the taste of foreign consumers, Vietnam can sell its rice at 640-650 dollars per ton at the end of 2023, Vietnamese exporters said.

Vietnam’s rice export turnover also recorded a new peak in the first 10 months of 2023.

According to the General Department of Vietnam Customs, Vietnam exported more than 7.1 million tons of rice, worth 4 billion dollars, during the cited period, up 35 percent in value and 17 percent in volume year on year.

Vietnam’s rice exports in 2023 are expected to hit 8 million tons, according to the Ministry of Agriculture and Rural Development. 

Published Date: November 2, 2023