Rice exports to hit 6.3 million tonnes in 2014
The Vietnam Food Association (VFA) has forecast that the country’s rice exports are likely to reach 6.3 million tonnes this year.
The association also predicted rice exports of 1.9 million tonnes and 1.4 million tonnes in the third and fourth quarters of 2014, respectively.
Vietnam shipped over 3.6 million tonnes of rice in the first seven months of 2014, earning US$1.056 billion, representing decreases of 10.78% in volume and 10.27% in value.
However, the average free-on-board (FOB) price of Vietnam’s export rice hit US$413.44 per tonne, up US$2.43 compared to the same period last year.
Last year, Vietnam exported 6.7 million tonnes of rice, 11% lower than the initial target, as the sector faced many difficulties.
Vietnam shipped over 3.6 million tonnes of rice in the first seven months of 2014, earning US$1.056 billion, representing decreases of 10.78% in volume and 10.27% in value.
However, the average free-on-board (FOB) price of Vietnam’s export rice hit US$413.44 per tonne, up US$2.43 compared to the same period last year.
Last year, Vietnam exported 6.7 million tonnes of rice, 11% lower than the initial target, as the sector faced many difficulties.