Rice export prices on the rise

2 June 2023
2023-06-02 10:12

Rice is the commodity with the highest growth in export value within the agricultural, forestry and fishery products. In Vietnam, the price of rice for export has continuously increased since the beginning of the year, reaching an average of 517 USD per ton.

This is the highest average export price in the past 10 years. China and Southeast Asian markets such as Indonesia, Singapore is buying more rice from Vietnam. Rice exports to Europe also grew by nearly 50%. However, some rice processing and exporting enterprises are facing difficulties due to contracts signed before the price increases.

Meanwhile, the price of rice is increasing rapidly according to the export price of rice, causing enterprises to suffer losses on early contract obligations.

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