Vietnam’s rice sector is expected to hit big from exports this year, heard a conference held by the Ministry of Industry and Trade (MoIT) in Ho Chi Minh City on February 21.

VOV.VN - India’s official ban placed on broken rice has led to a negative impact on the global rice market, resulting in the price of Vietnamese rice to increase sharply and surpass that of Thai rice, according to details given by the Vietnam Food Association (VFA).

VOV.VN - Vietnamese rice export prices, after peaking for several months, have fallen to levels lower than Thailand’s in all 5%, 25%, and 100% broken rice categories.

VOV.VN - The price of Vietnamese 5% broken rice has dropped to between US$485 to US$495 per tonne over the past week, marking its lowest level since December 10 last year, according to figures released by the Ministry of Industry and Trade.

Though the prices of Vietnamese 5% broken white rice fell US$20 per tonne in a week, most local rice exporters said the decline would make sales easier.

VOV.VN - Vietnam’s rice export prices hit a more than nine-year high this week as fresh orders trickled in, according to Business Recorder, a financial daily in Pakistan.

VOV.VN - The nation’s rice export price in January stood at US$551.7 per tonne, representing a year-on-year rise of 15.4%, according to the General Department of Vietnam Customs.

VOV.VN - Vietnam exported a total of 5.74 million tonnes of rice worth US$2.85 billion during the opening 11 months of the year, with the price of 5% broken rice in November reaching approximately US$500 per tons, according to the Agro Processing and Market Development Authority (Agrotrade).

VOV.VN - Each tonne of 5% broken white rice from the country was priced US$15 higher in comparison with the same product from Thailand in the world market as of August 8, hovering between US$478 and US$482 per tonne.