Vietnam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-percent broken rice from India to meet increasing demand of this kind of rice in the domestic market for producing animal feed.

VOV.VN - Vietnam’s rice export price reached its latest peak on January 3 at US$505 per tonne, representing a record high over the previous nine years, according to rice traders.

VOV.VN - Alongside Cuba, the country is keen to fully utilise incentives as a means of elevating two-way trade turnover to US$500 million by 2025, according to information released during the 38th session of the Vietnam-Cuba Intergovernmental Committee which was held virtually on December 30 in Hanoi.

While 2020 has been a successful year for Vietnamese rice exports, more must be done to accelerate the development of the national rice brand, experts have said.

Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Vietnam next year under the Vietnam-EAEU Free Trade Agreement.

VOV.VN - Incentives brought about by the implementation of the impending UK-Vietnam Free Trade Agreement (UKVFTA) are expected to assist Vietnamese rice exporters in increasing their market share in the UK, according to experts.

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 - Rice exports continue to represent a bright spot among Vietnam’s agricultural exports after maintaining remarkable growth in value since the start of the year, with the export price increasing significantly as a result of improvements made to quality.

SunRice CEO Rob Gordon, head of Australia’s largest rice supplier, has announced that Australia is suffering a massive shortage of domestic rice supplies and would be forced to rely on imported Vietnamese rice in the lead up to Christmas 2020.

VOV.VN - Vietnamese rice exports to African countries have witnessed an upward trajectory and are anticipated to enjoy more increases during the remaining months of the year.