The rising demands for rice in international markets and higher prices are benefiting rice exporters as the number of orders has increased sharply.

VOV.VN - Vietnam’s rice export value rose by 34.7% year on year in the first six months of this year to reach US$2.3 billion, thanks to its high prices in the world market.

VOV.VN - Vietnam earned US$2.02 billion from shipping 3.9 million tonnes of rice abroad in the first five months of the year, marking year-on-year increases of 49% in value and 40.8% in volume, respectively.

Strong rice export demand coupled with waning supplies have caused prices to surge in the market since the beginning of 2023.

VOV.VN - The export price of Vietnamese rice in the first quarter of the year recorded an annual rise of 9.2% on average to reach US$531 per tonne, according to the Ministry of Agriculture and Rural Development (MARD).

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.