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Rice exports expected to hit 5 billion USD this year

Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD.

The information was announced by the Ministry of Agriculture and Rural Development.

The ministry said, in 2023, the rice farming area nationwide is 7.1 million ha, producing a total output of over 43 million tons, up about 420,000 tons from last year.

Some 7.75 million tons of milled rice was exported during the first 11 months of this year to bring home an estimated 4.4 billion USD in revenue.

The ministry forecast that, 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./.

VNA

https://en.vietnamplus.vn/rice-exports-expected-to-hit-5-billion-usd-this-year/275119.vnp QR Code

Published Date: December 19, 2023

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