VOV.VN - The consumer price index (CPI) rose 3.77% in the first quarter of 2024 compared to the same period last year, with core inflation standing at 2.81%, reported the General Statistics Office (GSO).

The recent falls in rice prices are only short-term and the upward trend will continue in 2024 on limited supply, providing significant opportunities for Vietnam’s rice export, analysts have said.

Vietnamese enterprises should seize the opportunities to increase rice exports to Indonesia which has allocated an additional rice import quota of 1.6 million tonnes for 2024 as dryness linked to the El Nino delayed harvest in the country, according to the Vietnam Trade Office in Indonesia.

VOV.VN - The prices of Vietnamese export rice have endured a sharp decline after hitting a record high recently, according to the Vietnam Food Association (VFA).

VOV.VN - Vietnam exported more than 8 million tonnes of rice in 2023, and the Philippines was the largest rice buyer, according to the General Department of Customs.

VOV.VN - Vietnamese rice export prices have soared to reach new record highs, with the average price now roughly US$100 per tonne higher than Thailand’s, according to Vietnam Food Association (VFA).

VOV.VN - Several regional countries such as Indonesia and the Philippines have recently moved to increase their imports of Vietnamese rice, opening up bright prospects ahead for the global and Vietnamese rice markets during the last months of the year, according to insiders.

Vietnam is looking to increase the volume and revenue of rice exports in the remaining months of this year, but a wide range of hindrances are looming on the horizon.

Rice export curbs by some countries like India, Russia and the United Arab Emirates (UAE) will offer opportunities to both Vietnamese exporters and farmers, heard a regular press conference held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on August 1.

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.